HIH Invest acquires mixed-use building in Central London

HIH Invest Real Estate has bought a prime office and retail building located at 67-73 Chancery Lane in central London from a historic family trust.

Chancery Lane, London - © HIH Invest

The building, a 2008 reconstruction behind existing facades, was extensively renovated in 2024 and comes with a 175-year leasehold.

The property spans 7,230 m2, featuring 5,325 m2 of office space, 1,436 m2 of retail, and 469 m2 of residential units. WSP, a global consultancy, uses the entire office space as its UK headquarters with a lease extending to 2039. The seven ground-floor retail units and nine residential units are all fully leased.

Strategically positioned between London's West End and the City, the building offers excellent access to public transport, with Chancery Lane, Holborn, and Farringdon stations all within walking distance.

Matthias Brodeßer, head of Transaction Management Office International at HIH Invest, said: “The purchase is a deliberate countercyclical move in a market phase that offers attractive entry opportunities following a decline in prices. In addition to the high quality of the location and the property itself, the significant potential for rent increases was a decisive factor for us.”

Martin Payne, managing director UK at HIH Invest, added: “This transaction underscores the strength of our local network in a highly competitive market like London. Thanks to our long-standing relationships and our continuous on-the-ground presence, we were able to secure early access to this core property in Midtown. Especially in an environment of limited product availability, robust deal sourcing is crucial for identifying and successfully executing attractive opportunities for our investors.”

Osborne Clarke offered legal counsel, and KPMG in Frankfurt managed the tax advice. Cushman & Wakefield served as the buyer's advisor and handled the technical and environmental assessments. Boodle Hatfield and Knight Frank advised the seller.