London Investment Properties Track Record
70 New Oxford Street, WC1
£34.9 million / NIY - 3.98% / £1,372 per sq ft
AREA
25,429 sq ft
PURCHASER
New Ireland Assurance Property Fund c/o State Street Global Advisors
VENDOR
Orchard Street
CBRE’S ROLE
Disposal
DESCRIPTION
CBRE advised Orchard Street Investment Management on the successful disposal of 70 New Oxford Street, a prominent 25,000 sq ft mixed-use asset located 175 metres from Tottenham Court Road. The freehold building offered multi-let income with growth potential and asset management opportunities.
Following an extensive marketing campaign, which attracted strong interest from a global range of capital and multiple bids, and significant due diligence ahead of selecting a counter-party, the transaction completed in a 10 day period ahead of the quoted price.
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Contacts
Heidi Wade
Senior Director
James Harris
Associate Director
Capital Markets
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