25 Gresham Street

25 Gresham Street

Hong Kong investor snaps up Lloyds Bank HQ

Hengli Investments Holding has delved into the UK market for the first time after acquiring the headquarters of Lloyds Bank at 25 Gresham Street in London, EC2.

The trophy office – one of the most recognisable City buildings prominently located on Gresham Street – provides approximately 119,742 sq ft of Grade A office space.

Lloyds Banking Group has 20 years left on its lease at the site. Savills advised Hengli, whilst CBRE advised Lloyds Bank.

Chen Chang Wei, chairman of Hengli Investments Holding, said: “This is a brilliant outcome after a lot of careful research and site inspections. 

“As this is such a rare commercial property, we are particularly happy to have reached a swift mutual agreement with the seller, closing the tender in only a month. 

“We will continue to consider any remarkable property investment opportunities locally and internationally.”

Daniel Hesketh, director in the central London investment team at Savills, adds: “25 Gresham Street offers a rare opportunity to acquire not only one of London’s trophy assets, being a modern, prime located office in the City of London, but also the UK headquarters for one of the country’s leading financial institutions, with long term secure income.”

 

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