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Daibiru Acquires Majority Stake in London Office Asset “Warwick Court”

OfficeTransaction

Daibiru Acquires Majority Stake in London Office Asset “Warwick Court”

Daibiru Corporation has acquired a majority interest in Warwick Court, an office building located in London, the United Kingdom. This marks the company’s second investment in the UK, following the acquisition of Capital House in June 2025 for approximately JPY 32 billion.

Warwick Court is located in the City of London, adjacent to St. Paul’s Cathedral, and is approximately a two-minute walk from St. Paul’s Station. The property benefits from excellent connectivity, with access to multiple major rail lines including Thameslink and the Elizabeth Line. The building was originally completed in 2003 and underwent a major refurbishment in 2022. It comprises eight above-ground floors and two basement levels, with a Gross Floor Area of approximately 5,780 tsubo (approx. 206,000 sq. ft.). Following the refurbishment, the property achieved EPC Grade A, the highest level of energy efficiency, as well as BREEAM Excellent certification.

Under its medium- to long-term management plan, “BUILD NEXT 2035,” formulated in fiscal 2023, Daibiru has set a target of JPY 1 trillion in total assets by 2035 and positioned overseas business as one of its three core pillars, alongside domestic business and new business initiatives. The company has already expanded into four countries—Vietnam, Australia, the United States, and the United Kingdom—and with this acquisition, its overseas portfolio has grown to 10 properties, including projects under development.

According to Savills, the City of London office market is on a recovery trajectory. As of the third quarter of 2025, prime rents exceeded GBP 100 per square foot, reaching an all-time high. At the same time, polarization between high-environmental-performance Grade A buildings and older stock has been accelerating. Having undergone a major refurbishment in 2022 and achieved EPC Grade A, Warwick Court is well positioned as a high-specification asset expected to maintain stable occupancy supported by strong tenant demand.

Key Facts

  • Property Name: Warwick Court

  • Buyer: Daibiru Corporation

  • Seller: Undisclosed

  • Acquisition Price: Undisclosed

  • Address: 5 Paternoster Square, London EC4 (adjacent to St. Paul’s Cathedral)

  • Nearest Station: St. Paul’s Station (approx. 2-minute walk)

  • Completion: 2003 (major refurbishment completed in 2022)

  • Number of Floors: 8F / B2

  • Gross Floor Area: Approximately 5,780 tsubo (approx. 206,000 sq. ft.)

  • Environmental Certifications: BREEAM Excellent, EPC Grade A