Aprirose acquires Holborn Central from TfL

Real estate investment company Aprirose has acquired a commercial asset above Holborn Tube station in London from government body Transport for London (TfL). 

Financial details were not disclosed, but local media reported the sale in the £40 mln (€46 mln) range.

The island site includes 68,373 ft2 (6,350 m2) of multi-let offices and retail located directly over and around the entrance to the tube.

Meenal Devani, chief investment officer, Aprirose, said: 'Holborn Central is in a prime location that attracts a diverse range of occupiers including from the TMT, financial and legal sectors.

'We are excited about working with TfL to realise the potential inherent in this property and location. We continue to be an active investor in value add and opportunistic real estate in Central London close to infrastructure and transport hubs.'

'Our investment strategy will continue to see us undertaking a small number of targeted disposals whilst we concentrate our own development activity on Build to Rent in outer London to generate ongoing revenue as well enabling us to provide high levels of affordable housing,' commented Graeme Craig, director of commercial development at TfL.


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