London Mixed-Use Building Commands $237M
ByA joint venture between Thor Equities and AEW will acquire 100 New Oxford St., a mixed-use building in London’s West End from Tishman Speyer for $237 million.
“100 New Oxford St. is a prime asset located in one of the most desirable districts in London for office and retail properties, and with the opening of the nearby Crossrail Tottenham Court Road Station, demand for space in the area will only continue to grow,” Joseph Sitt, Thor Equities’ CEO, said in a prepared release. “Thor remains strongly committed to London as a key global market, and we have proven to be able to continue to extract value from assets in the City and other key markets throughout Europe.”
Recently refurbished, the property consists of a total of 106,404 square feet with 18,507 square feet on the ground floor across six prime retail units and two restaurants, with more than 260 feet of frontage. The remaining area consists of Class A office space spread out over six upper floors…
