IINO Kaiun Kaisha, Ltd. (IINO Lines), headquartered in Tokyo, Japan, purchased 111 Strand, London, from ESAS Holdings. Knight Frank advised IINO Lines.
111 Strand comprises 3,510m2 of Grade A office and retail accommodation, arranged over lower ground, ground and six upper floors. The building occupies a prominent corner site with a 30.5m frontage onto the Strand and benefits from proximity to several key transport hubs including Waterloo and Charing Cross.
The building has recently undergone a comprehensive refurbishment, including the upgrading of the building’s end-of-trip facilities and achieving an EPC rating of B, compliant with the MEES 2030 target.
Ed Fairweather, Partner at Knight Frank, said: “111 Strand represents our second acquisition in 2024 on behalf of Japanese capital, an investor group which is seeing London as comparatively good value and can benefit from Japan’s low interest rates. We expect to see significant further interest from Japanese investors in a wide range of real estate assets across Europe’s gateway cities in the year ahead.”
The vendor was advised by Capreon / Boodle Hatfield LLP.
Image source - Pexels.
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