SHOKAI UK has successfully acquired 30 Crown Place, an A-level office building in London EC2 and the headquarters of Pinsent Masons, from Samsung SRA Asset Management for £204 million.
The deal is SHOKAI UK’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 third busiest station in the U.K. The arrival of Crossrail in 2018 will further increase the location’s popularity.
The property attracted significant attention from international institutions as soon as it was put on the market and 5 potential buyers competed for the building over 2 rounds of bidding.
In October of 2015, SHOKAI UK acquired Friary Court, their first property in London during president Xi’s state visit to the U.K. SHOKAI UK has been actively investing and developing a management team with significant experience of the London market as it looks to expand its UK operations.