DLA Piper has advised Citwax Investments on its purchase of the Holborn Links Estate, a portfolio of 34 properties comprising 465,000 sq ft in Central London, from a group of investors advised by Triangle Group. Citiwax Investments is owned by Teddy Sagi, a property and technology entrepreneur.

The Holborn Links Estate is a four acre mixed used estate, comprising office, retail and residential properties, located London's mid-town, neighbouring Covent Garden, Soho and Oxford Street. Citwax plans to develop the portfolio to create new quality space for SME and start-up businesses, as well as maintaining its existing mix of tenants.

Paul Jayson, Real Estate partner at DLA Piper, said: "This transaction demonstrates, not only the confidence in current market conditions, but also that London is still an attractive destination for investors. The new development will provide a base for the capital's future business leaders, offering flexible working solutions such as co-working and fluid desk requirements, all underpinned by strong digital infrastructure. We look forward to following its continued success."

The DLA Piper team was led by Real Estate partner Paul Jayson and Corporate senior associate Sam Jaffray and included Real Estate partner, Paul Gray, legal directors Jonathan Whiteford and Emma Carter, senior associate Helen Cairns, associates Matt Webb and Hoani Ashby, Corporate partner Rob Salter, Restructuring associate Kirsty Emery , Tax partner Neville Wright and senior associate James Graham-Brown.