The sprawling 105,000-square-foot office and retail building on 100 New Oxford Street, WC1, London, now belongs to Tishman Speyer.
Real estate firm acquires new office building
As a result we are actively looking to redeploy capital into further significant value-add asset opportunities across the capital.
Sources say this brings to three, the number of prime properties acquired by the real estate firm since 2014.
Though the price the company paid for the property was not disclosed, real estate speculators say it was acquired at about £130 million pounds.
Commenting on the deal, Chris Taylor, CEO, Hermes Real Estate, said, "The sale of 100 New Oxford Street follows an intensive period of asset management, which has successfully repositioned this building on behalf of our joint venture partners. As a result we are actively looking to redeploy capital into further significant value-add asset opportunities across the capital."
The property is said to be close to the Tottenham Court Road underground station, and other exciting landmarks.
According to Dan Nicholson, Head of Tishman Speyer UK,“This is an excellent addition to our London portfolio. In addition to enjoying a prime location, the recent renovations have made it extremely desirable to potential tenants, as evidenced by the strong leasing activity."
Tishman Speyer Properties was founded in 1978 by Jerry Speyer and Robert Tishman.
Its headquarters is located in New York, United States of America.
Watch this amazing interview with one of Tishman Speyer’s founders.
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