Samuel Tak Lee, the Hong Kong real estate billionaire, has put 430,000 square feet of mixed-use assets at the northern end of the 13.8-acre Langham Estate in London's West End up for sale seeking £500 million.
JLL and Savills have been appointed to market the Lotus portfolio, which comprises 27 freehold assets split across a mix of offices, retail, leisure, educational, medical and residential and is a rare opportunity to buy a large slice of prime West End real estate.
The portfolio is rented across the offices at, on average, £53 per square feet. The wider Fitzrovia market has seen prime offices lease at £132 per square feet recently.
Situated in the heart of Fitzrovia, the Langham Estate comprises 13.8 acres and stretches from Oxford Street in the south to Regent Park and Great Portland Street station in the north.
Hong Kong investor Lee has made headlines in recent years for a legal spat with neighbouring landowner Shaftesbury, in which he held a majority shareholding. Soho, Chinatown and Carnaby Street landowner Shaftesbury merged with Capco earlier this year to form Shaftesbury Capital.