Greycoat Acquires Landmark Office Building in London for £180 Million

Greycoat, a leading full-service independent property partner, has successfully acquired the flagship office building at 90 High Holborn, WC1, from LabTech Investments Limited in a transaction valued at £180 million. This acquisition represents one of the most significant office investment deals in the UK for the year.

Strategically situated in the heart of London’s Midtown, 90 High Holborn occupies a prime position between the City and London’s West End. This vibrant location is home to prestigious institutions, including University College London (UCL), the London School of Economics (LSE), and The British Museum. The area also offers exceptional transportation links, with close access to Holborn tube station and the new Elizabeth line (Crossrail) stations at Tottenham Court Road and Farringdon, making it an ideal base for global businesses.

This acquisition concludes LabTech Investments Limited’s four-year attempt to divest the property, marking a significant milestone for the seller, a company associated with Israeli billionaire Teddy Sagi. The extended sales process reflects the current market’s challenges, underscoring Greycoat’s achievement in securing this high-profile transaction.

The building at 90 High Holborn has consistently attracted top-tier tenants, including the US law firm Quinn Emanuel Urquhart & Sullivan, which recently expanded its office space within the property. This robust tenant profile highlights the building’s appeal as a high-quality workspace in one of London’s most desirable commercial areas.