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Hana closes £185M purchase of WeWork-leased London property

Hana Alternative Asset Management, a unit of South Korea's Hana Financial Group Inc., closed its £185 million purchase of an office property at One Poultry in London from an Aermont Capital LLP-advised fund, confirming an earlier report, Property Week reported.

Hana funded the transaction using a £104 million loan from Bank of Ireland, according to the report.

Coworking space provider WeWork Cos. Inc. leased the entire office space at the property earlier in 2018, the publication noted, adding that the Coq D'Argent restaurant has occupied the property since 1998.

Savills served as adviser to Hana, while the seller was advised by BH2, the publication added.