French investor acquires mixed-use building in London for £18.5m
French investor Sofidy has acquired a mixed-use building in Holborn, London for over £18.5m on behalf of its SCPI Sofidy Europe Invest fund.
Located at 36-38 Hatton Garden, the asset comprises 25,123 sq ft of space across five floors. The building has three ground floor retail units as well as a gym at basement level. The upper floors are currently being used for offices.
The building sits in London’s Midtown, on a street known for its jewellers, and benefits from nearby occupiers including multinational companies, financial institutions, and technology companies. It is located 200 metres from Farringdon Station, a new transport hub on the Elizabeth line.
Jean-Christophe Avellaneda, investment director at Sofidy, said: “Thanks to recent developments in the Farringdon area, including the opening of the Elizabeth Line, the sector should benefit from good growth dynamics in rental prices in the coming years.*”
Avison Young acted for Sodify.
*translated from French.