118-124 CXR
118-124 CHARING CROSS ROAD, WC2

VALUE
£40.50 million / NIY – 2.99% / £1,035 per sq ft

AREA

39,115 sq ft 

PURCHASER
Private Asian Investor

VENDOR
Aberdeen Standard Investments

CBRE’S ROLE
Disposal

DESCRIPTION
Acting on behalf of Aberdeen Standard Investments, CBRE was delighted to conclude the sale of this underdeveloped site in close proximity to Tottenham Court Road.

Following an extensive period of pre-sale due diligence that involved both professional and planning consultancy to explore asset management and massing opportunities, an identified group of target purchasers was approached in an off-market campaign. This ensured that transaction risk could be minimised, whilst generating competition amongst interested groups.