NTT Urban Development Corporation (head office: Chiyoda-ku, Tokyo, President and CEO: Masaki Mitsumura) announce its acquisition of “265 Strand,” an office building in London, United Kingdom, through its U.K. subsidiary UD Europe Limited.
The building enjoys an excellent location in the heart of London, home to many law firms, media companies and information technology firms. It is also in close proximity to the Royal Courts of Justice and London School of Economics and Political Science. The building offers an attractive office environment, surrounded by greenery on three sides, maximizing the use of natural light, and offering views across the River Thames from the upper floors.
The building has a total leased area of approx. 7,049.6 m² and was acquired for £77 million (approx. €90.8 million).
The company will continue to invest in properties to stabilize its earnings in the U.K. aiming to develop and expand its international business operations.