SEA Group acquires Landmark Office Building at 33 Old Broad Street, London at nearly HK$2.6 Billion

2017-05-16

SEA Holdings Limited (“The Group”) ( Stock Code：251) is pleased to announce that on 15 May 2017, has acquired a landmark office building at 33 Old Broad Street, London, EC2, for a total consideration of approximately £258million (approximately HK$2.6billion).

Primely Situated in the core of the City of London

33 Old Broad Street is prominently positioned in the core of the City of London, only 150 metres away from the new Crossrail station - Liverpool Street Station. The Bank of England is only a short distance to the south west, while Lloyd’s of London, the world’s leading insurance market is positioned 150 metres to the south east. Adjacent iconic commercial skyscrapers include 30 St Mary Axe and The Leadenhall Building. This strategic location appeals to global occupiers from the financial, insurance and professional sectors. With a floor space of 191,165 sq. ft. (17,760 sq. m), the property is currently solely leased to be the Headquarter of Bank of Scotland.

Enjoys Valuable Future Redevelopment Opportunity

Moreover, the 9-storey property is located in an area known as the Eastern Cluster, identified by the City of London Corporation as suitable for development of tall buildings, providing a landmark tower redevelopment opportunity. At present, adjacent commercial skyscraper development include 22 Bishopsgate, 100 Bishopsgate.

33 Old Broad Street is SEA Group’s second acquisition in London after 20 Moorgate London, EC2R.The investment would not only enable the Group to achieve a promising rental return, but also enjoys major future redevelopment opportunity. The Group will adhere to its corporate philosophy of "Building with the Times", closely monitor Hong Kong and global property market, and grasp the potential growth of any development and investment opportunities.

About SEA Group

Founded in 1956, SEA Group comprises SEA Holdings Limited (Stock code: 251) listed on the Hong Kong Stock Exchange. SEA Group has developed to be an international property conglomerate with diversified business over Hong Kong, United Kingdom, Australia, New Zealand, Japan, Canada and Indonesia.