BEIJING SHOKAI INTERNATIONAL BUYS CITY JEWEL FOR £204M, LONDON
Beijing SHOKAI International successfully acquired 30 Crown Place, an A-level office building in London EC2, also as headquarters of Pinsent Masons, from Samsung SRA Asset Management for £204 million. The deal is Beijing SHOKAI International’s second high-quality purchase in London, previously acquiring Friary Court, 65 Crutched Friars in 2015.
The building is prominently located on the eastern side of Crown Place and to the north of Earl Street, adjacent to the Liverpool Street station; the three biggest transportation hub stations in the U.K. and the arrival of Crossrail in 2018 will further increase the location’s popularity.
This property attracted great attention from international institutions as soon as it was putted on the market and 5 potential buyers bade for the building. After 2 round of fierce competition, Beijing SHOKAI International won the bidding and completed acquisition by SPV.In October of 2015, Beijing SHOKAI International acquired Friary Court, the first property in London during president Xi’s state visit to the U.K. and through 1-year’s cultivation, Beijing SHOKAI International has accumulated amount of experience of local market which will promote and further business expansion in the U.K.