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 the sale of the Walkie Talkie in 2017 and is the largest non-tower deal to ever take place. 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.”