In London’s largest office real estate transaction of 2024, Teddy Sagi Group has completed its exit from the prestigious Holborn district with the sale of 90 High Holborn to British investment firm Greycoat for £180 million.
The sale marks the final disposal of the group’s six properties in the area, generating total capital gains of approximately $500 million (£385 million) for Sagi. The original investment by his company LabTech in the Holborn portfolio totaled $1.16 billion.
The 17,000-square-meter office building will continue to house Sagi’s LABS co-working space network, which operates nine locations across London, serving over 6,000 professionals from 350 businesses with occupancy rates exceeding 90%.
“The sale of 90 High Holborn represents a key milestone in our strategy,” said Eylon Garfunkel, CEO of LabTech. “We focus on properties with prime locations and the potential to add significant value for tenants.”
Other properties previously sold by the group in the area include Holborn Link, Victoria House, LABS House, Herbrand Street, and Selkirk House. The Holborn district, situated in Central London, spans three boroughs: Westminster, Camden, and the City of London.
LabTech emphasizes that it will continue to seek new investment opportunities in the London real estate market.
