Knight Frank West End capital markets team has acquired the freehold interest of 25-27 Oxford Street for £35.5 million, on behalf of a Hong Kong listed company (HKEX 0163).
The 11,600 sq ft property is arranged over lower ground, ground and six upper floors, and is multi-let to a range of retail and office occupiers.
The building is located in a key position on the south side of Oxford Street next to the Tottenham Court Road Crossrail site, and is set to benefit from strong forecast rental growth off the back of the significant infrastructure improvements.
Knight Frank and Mayer Brown acted for the purchaser. The vendor was unrepresented.