Leading diversified professional services and investment management company Colliers (NASDAQ and TSX: CIGI) is pleased to announce that it has advised CK Asset Holdings Ltd on the disposal of 5 Broadgate in London for £1.21 billion.
The deal is the second largest in London, after the sale of the Walkie Talkie in 2017. The transaction was delivered through cross border collaboration from Colliers experts in London and Hong Kong.
Developed in 2015 with a BREEAM ‘Excellent’ rating, the freehold Grade-A building 5 Broadgate offers 732,876 sq. ft. of office space and is fully-let to UBS AG as its London headquarters. The disposal enables CK Asset Holdings Ltd to unlock the underlying value of its investment, capture a sizeable gain and create value for its shareholders.
Andrew Thomas, Colliers Head of International Capital Markets | London, said: “We continue to see international capital invested into London’s quality assets, and we were delighted to help our client identify this significant opportunity and exit it effectively.”
Tony Horrell, Global Head of Capital Markets at Colliers, added “This is a landmark deal for Colliers. It reflects our ability to conclude transactions of this scale and accelerate the success of our clients, whilst demonstrating the power of our global platform to bring together experts to collaborate and add value.”
Shaman Chellaram, Colliers Senior Director in Hong Kong, concluded: “Colliers is proud to have acted on behalf of CK Asset Holdings Ltd for the disposal of 5 Broadgate. This significant transaction is an excellent opportunity for our client to realise their investment over a relatively short period.”
