Japanese investor makes £154m London debut 

A Japanese private client of Sumitomo Mitsui Trust Bank has acquired London’s principal divorce court for £154m – a 3.4% yield. Sol Zakay’s Topland Group has sold the freehold interest in First Avenue House 42-49 High Holborn, WC1, which comprises around 112,274 sq ft of office accommodation and is let in its entirety to the First Secretary of State until September 2038, with fixed rental uplifts of 2.5% pa. The deal is expected to signal the start of increased Japanese investment into UK real estate, which has been limited since the early 1990s. In April last year, Japan’s £1tn