News

DTZ Investors has completed on the sale of The Place, 175 High Holborn, to Israeli investor Hagag Group for £20m.

The Place comprises c.46k sq ft of office and retail accommodation arranged over ground, basement and seven upper floors. The asset is well located at the west end of High Holborn, on the corner of Shaftsbury Avenue and part-let with a redevelopment block date structured from summer 2026 creating a value-add repositioning opportunity. The asset can benefit from existing and alternative uses in addition to increased massing potential.  

The asset was openly marketed and attracted good interest from value-add investors.

Holly Witcomb of DTZ Investors added, “This asset was non-core in relation to the fund’s strategy and disinvestment enables capital to be redeployed into more core opportunities in what we consider high conviction sectors that fit our thematic strategies. The sale represented a solid crystallisation of the asset’s residual value at a premium to recent market evidence in challenging market conditions.”

DTZ Investors was advised by Fineman Ross + Partners. Hagag was advised by Susskind London.