伦敦核心区商业大楼100 New Oxford Street以1.4亿英镑待售

AEW Capital Management, a globally renowned real estate investment management company, recently announced the official sale of the office and commercial building, 100 New Oxford Street, located in the heart of London on Oxford Street. The property is being sold for a guided price of £140 million, with an estimated yield of approximately 5.5%. This price tag reflects the rapidly heating up trend in the London real estate market. Currently, international capital, including private buyers from Hong Kong, has shown strong interest in the property.

The property is situated at the intersection of the Soho and Covent Garden areas in the West End of London and is in close proximity to the transportation hub Tottenham Court Road, providing easy access to Heathrow Airport, the financial district, and Canary Wharf. The building sits on half an acre of land with a total floor area of 109,826 square feet. The ground floor and basement house retail stores and restaurants, while the 2nd to 6th floors offer office spaces. The current rental rate is approximately £78 per square foot, lower than the average rental levels in the neighboring Soho area, indicating considerable potential for rental increases.

AEW has devised a plan to enhance the rental levels and value of the building for the new buyers. This includes re-leasing after the lease expires in the next 2-3 years and renovating the remaining floors and adding a rooftop garden within the next five years to enhance the overall quality and rental potential of the entire building. Additionally, the investment interests shown by multiple affluent Hong Kong individuals and families near Tottenham Court Road highlight the area's attractiveness.

Since the fall of this year, the London office building market has been gradually heating up. Several internationally renowned funds and investment companies have begun to sell commercial buildings in the city center, such as Nuveen under the American retiree teacher foundation (TIAA) and funds under Brookfield. This signals increasing activity in the London real estate market, attracting attention from international capital.