Malaysian investment firm IJM Corporation Berhad has acquired the long leasehold interest in the Grade II listed 1-5 London Wall Buildings for £72.5m from affiliates of TPG Angelo Gordon.
The property, which has been rebranded as 25 Finsbury Circus, will now undergo a major £150m sustainability-focused refurbishment, reconfiguration and extension, increasing its total footprint by 26% to 378,000 sq ft gross internal area and 251,000 sq ft net lettable area.
Designed by architectural practice Carmody Groarke, the redeveloped scheme will feature flexible floorplates, advanced building systems and premium-grade amenities designed to attract corporate office occupiers, high-end retail and lifestyle-focused businesses. It also includes 48,771 sq ft of highly adaptable Class E accommodation, catering to a diverse mix of tenants.
By retaining and extending the existing structure, the project is expected save 21,668 tonnes of CO₂e, significantly reducing embodied carbon and construction waste.
IJM said it was already in advanced discussions with an anchor tenant at the building, which has been rebranded 25 Finsbury Circus.
Dato’ Lee Chun Fai, IJM’s group CEO and managing director, said: ”The acquisition and redevelopment of Finsbury Circus strengthens IJM’s presence in the UK, reflecting our confidence in its long-term property sector as London’s financial district continues to evolve as a global hub for finance, commerce, and technology. This investment presents a rare opportunity to revitalise a historic landmark while delivering a modern, high-performance workspace tailored to the needs of global businesses.
“This acquisition reinforces IJM’s strategy to build a high-quality, income-generating portfolio that delivers stable and recurring income. The property’s long-term value is further enhanced by its exceptional location, best-in-class commercial facilities and sustainability-driven design. Alongside our JRL investment and growing UK portfolio – including Royal Mint Gardens, our Innova-Network Rail partnership, and The Wheat Quarter – this investment bolsters our footprint in the UK’s dynamic real estate market while supporting our long-term growth ambitions.”
