SAMSUNG SRA Asset Management, the fund management arm of the South Korean conglomerate, has made its maiden UK purchase after snapping up 30 Crown Place in the City for £142m.
The 19 storey tower, which is close to Liverpool Street station, was sold by German fund manager Hannover Leasing, who bought it in 2011 from developers Greycoat for £139m.
It is 85 per cent let by law firm Pinsent Masons and 15 per cent by office space provider Crown Place Financial.
Cushman & Wakefield Investors, who acted on behalf of Samsung, said overseas investors accounted for 71 per cent of the £2.75bn of commercial property transactions in the first quarter of this year.
“This represents Samsung’s first overseas investment and reflects the attraction of the London market to international investors as a leading financial centre and gateway city,” Cushman said.