Family-owned, global investment group Triple B has acquired 7 Birchin Lane in London's financial district.
Financial details were not disclosed.
The Birchin Lane property comprises a fully leased, diverse tenant mix across 23,000 ft2 (2,140 m2) of leasable area. The recently refurbished asset boasts Grade A office space spread over eight upper floors and a lower ground floor, with an EPC rating of B.
Thomas A. Bata, CEO of Triple B, said, 'We are pleased to add 7 Birchin Lane to the Triple B real estate portfolio. This acquisition fits seamlessly with our strategy to invest in high-quality properties that offer both local significance and
modern amenities.
'Birchin Lane is a prestigious address within London’s financial district, and we look forward to building upon its legacy.'
The property at 7 Birchin Lane stands less than 150 metres from the Bank of England and The Royal Exchange. Surrounded by major corporate occupiers such as Rothschild & Co, Bloomberg, and Standard Chartered Bank, the property is situated in a prime position within a pedestrianised street linking two of the City’s major thoroughfares, Lombard Street and Cornhill.
'At Triple B, we believe in investing in properties that combine historical value with modern functionality,' said Scott Dwyer, senior real estate advisor at Triple B.
'Birchin Lane not only offers an exceptional location but also the potential to create a vibrant and sustainable environment for our tenants. We are committed to enhancing its offerings and ensuring it remains a key asset within our portfolio.'
Allsop advised the vendor and LSH advised Triple B on this transaction.
Established in 2020 by Thomas G. Bata, Thomas A. Bata, and Charlotte Bata-How, Triple B primary focus on real estate, growth opportunities, and scalable enterprises.
