Singaporean investor Ho Bee, advised by Savills, has acquired the European headquarters of Japanese financial group Nomura.

Singaporean investor Ho Bee, advised by Savills, has acquired the European headquarters of Japanese financial group Nomura.

Nomura, advised by Deloitte Real Estate, sold its freehold interest in 1 St Martin's Le Grand in the City of London for £171 mln (€208 mln).


The 25,641 m2 former Post Office building in the City was Nomura's European headquarters until July 2010 when Nomura moved to 1 Angel Lane.

Commenting on the sale Jamie Olley, investment director at Deloitte Real Estate: 'Significant interest was received from a number of parties reflecting the current strength of the central London investment market for well-let trophy assets such as 1 St Martin’s Le Grand.'

Richard Bullock, investment director at Savills: 'Formerly used as Nomura’s headquarters, 1 St Martin’s Le Grand offers highly specified flexible floor plates located in a top City location with close proximity to several financial institutions including the London Stock Exchange. The covenant strength, combined with its attractive capital value made it an appealing investment for our client.'