70 Oxford Street


VALUE

£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.