SRG Holding, which has developed a number of high profile projects in Dubai, has agreed to buy the High Holborn Estate, WC1, from Blackstone for a price just in excess of £135m.

The freehold estate occupies a one-acre site bounded by High Holborn and Bedford Row.

Ezra Nahome, CEO of Lambert Smith Hampton, said: “We know the UK commercial property market better than anyone, which is why major domestic and overseas investors trust us to advise them on their deals.  We are delighted to have helped SRG with their latest acquisition.

“London is a market in which we have a strong track record, and this latest transaction cements our reputation in the capital. 

“Midtown continues to trade at a discount to the West End and the City despite growing in importance in recent years and, with the right guidance, can offer a great opportunity for forward-thinking investors.”