Europa Capital, Ediston sell London mixed-use asset

A partnership of Europa Capital's Fund III and Edinburgh-based developer Ediston Properties has sold the 199-204 High Holborn mixed-use property in London to local investor Ennismore Capital. Financial details were not disclosed.

The property, located close to High Holborn Underground Station, comprises 5,722 m² of office and retail accommodation. In a statement, the vendors said they sold the asset after having improved the capital value through obtaining planning consent for a 138-bedroom hotel and purchasing the freehold interest.

Ennismore Capital is a London-based boutique investment firm which recently acquired The Hoxton Hotel in Shoreditch, London. It is understood that the group is looking to grow The Hoxton Hotel brand and develop further hotel sites in London, New York and across Europe.