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Colliers successfully advises CK Asset Holdings Ltd on the disposition of 5 Broadgate in London for £1.21 billion

Colliers advises on disposal of 5 Broadgate in London

HONG KONG, 14 March 2022 – 
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 disposition of 5 Broadgate in London for £1.21 billion (HK$12.390 billion).

The deal is the largest in London since 2017. The transaction was delivered through cross border collaboration from Colliers experts in Hong Kong and London.

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 their London headquarters. The disposition enables CK Asset Holdings Ltd to unlock the underlying value of its investment, capture a sizeable gain and create value for its shareholders.

Shaman Chellaram, Colliers' Senior Director based in Hong Kong, said: “Colliers is proud to have acted on behalf of CK Asset Holdings Ltd for the disposition of 5 Broadgate. This significant transaction is an excellent opportunity for our client to realise their investment over a relatively short period”.

Andrew Thomas, Head of International Capital Markets | London, added: “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.”

CK Lau, Managing Director | Hong Kong, concluded: “This is a landmark deal for Colliers. It reflects our ability to close large-scale real estate transactions, especially for our clients looking to invest in and dispose of cross-border opportunities. Our global platform is structured to facilitate these kinds of deals, and I look forward to further collaboration between our experts in Hong Kong and London.”


Media Contact:

Danielle Paterson

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Hong Kong SAR China

Shaman Chellaram

Senior Director | Asia

Valuation & Advisory Services

Hong Kong

As Senior Director Valuation & Advisory Services Asia at Colliers, I leverage my 18-years of strategic and investment advisory experience to work closely with my clients to maximize the potential of their hotel and commercial real estate assets in Hong Kong and across key regional and international markets.  This includes acquitistion and disposal advisory,  asset repositioning,  market entry, portfolio diversification, operator selection, hotel and mixed-used development, hotel tokenisation, ESG, transaction advisory and M&A.   

Advising from both an operational and investment perspective,  my clients include hotel and resort investors, hotel operators, serviced apartment groups, co-living groups, developers, PERE funds, REITs, family offices,  private investment groups and UHNWIs. 

By understanding my clients' needs, I draw on our Colliers global platform and capaibilities to provide solutions and accelerate our clients' success, whether in Hong Kong or overseas.   

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