Far East Consortium Divests London Headquarters to AMTD Idea for $24 Million in Expanded Real Estate Deal

FEC divests its 40 Furnival Street headquarters as part of a £65.2 million deal with AMTD Idea. Learn about the financing and strategic asset sale in London.

By: AXL Media

Published: Mar 9, 2026, 9:49 AM EDT

Source: The information in this article was sourced from Mingtiandi

Strategic Divestment of Central London Office Assets

Far East Consortium, known as FEC, has finalized a term sheet to sell its primary UK office building located at 40 Furnival Street to AMTD Idea for £18 million. This transaction represents an expansion of a multi asset deal between the two Hong Kong entities that originally commenced in March of last year. According to a stock filing released late last week, the disposal of the central London block aligns with FEC’s ongoing corporate strategy to divest non-core assets. The move allows the developer to streamline its portfolio while capitalizing on the valuation growth of its London holdings since their initial acquisition.

Financial Structure and Vendor Financing Arrangements

To facilitate the acquisition of both the Furnival Street property and the associated Hornsey Town Hall project, FEC’s finance division has agreed to provide significant vendor financing. A term loan of £38.2 million will be extended to AMTD Idea, the investment arm of the Calvin Choi led AMTD Group, to cover a substantial portion of the combined acquisition costs. This loan carries an annual interest rate of 5 percent and is structured with bi-annual repayments over a five year term. The debt will be secured against both the office asset and the Hornsey development, ensuring a protected financial position for the seller.

High Value Valuation in a Premier Legal District

The property at 40 Furnival Street, also referred to as FEC House, is situated in a prominent business cluster near Holborn and the Royal Courts of Justice. FEC originally acquired the nearly 10,000 square foot building from Columbia Threadneedle in 2023 for just £5.75 million. The current sale price of £18 million reflects a dramatic increase in value, pricing the asset at approximately £1,866 per square foot compared to the initial purchase price of £596 per square foot. This significant appreciation highlights the premium placed on boutique office spaces within London’s legal and professional services corridor.