Greycoat has bought 90 High Holborn in London from Teddy Sagi’s development company LabTech for £180m.
LabTech purchased the 183,000 sq ft office building, which is located near Holborn tube station, in 2018.
One of the main tenants of 90 High Holborn is LABS, LabTech’s flexible workspace brand, which will continue to operate in the building as usual.
The company said Sagi and LabTech would continue to explore future opportunities, “actively seeking new acquisitions and partnerships within London to maintain and expand their impact on the capital’s property landscape”.
Eylon Garfunkel, CEO of LabTech, said: “The sale represents a key milestone in our strategy to acquire and transform commercial assets with strong fundamentals in terms of location, ability to add value and high occupancy rates.”
