Mayer Brown has advised K&K Property Holdings on the deal.
K&K Property Holdings executed the acquisition of Orion House, the iconic freehold office tower in Covent Garden, London, for £130 million.
This transaction is K&K’s first investment in the London real estate market.
The 90,916 sq ft office building, purchased from Central London specialist WELPUT, is located in one of London’s most vibrant commercial and cultural locations and benefits from extensive views across the capital. Tenants in the fully-occupied building include The Office Group and Marathon Asset Management.
Established in 2013, K&K is a boutique developer of exquisitely designed properties based in Hong Kong.
The Mayer Brown team was led by head of UK Real Estate, Chris Harvey (Picture) and included: Real Estate — senior associate Danielle Gerber and associates Hollie Norman and Alice Hunter Johnston; Environmental & Planning — counsel Tim Baines; and Construction & Engineering — partner Jonathan Olson-Welsh and senior associate Sean Hummerstone.
Involved fees earner: Tim Baines – Mayer Brown; Danielle Gerber – Mayer Brown; Chris Harvey – Mayer Brown; Sean Hummerstone – Mayer Brown; Alice Hunter Johnston – Mayer Brown; Hollie Norma – Mayer Brown; Jonathan Olson-Welsh – Mayer Brown;
Law Firms: Mayer Brown;
Clients: K&K Property Holdings;