Sogo Development Group, a Japan-based real estate company, has announced that through its subsidiary Tokyo Central Urban Development Co., Ltd. it has acquired Douglas House, located at 131–151 Great Titchfield Street in London’s West End from Oval Real Estate.
The property is situated in the heart of Fitzrovia, one of the West End’s major office districts, offering excellent accessibility and a strong business cluster that includes companies such as the BBC, Databricks, United Talent Agency, Dr. Martens, and Netflix. Furthermore, the property is within walking distance of Elizabeth Line stations, and is expected to benefit from further improvements in connectivity, supporting the area’s future value growth.
Douglas House is an Art Deco office building constructed in 1930, featuring over 70 meters of frontage along Great Titchfield Street. The property has a total floor area of approximately 43,541 sq ft and has been repositioned into a high-quality office building through two phases of major refurbishment in 2019 and 2025. It is now equipped with modern M&E systems, a roof terrace, shower and changing facilities, a gym, and a refurbished entrance, and the building holds an EPC rating of B, reflecting its strong environmental performance.
The property is leased to FORA (formerly The Office Group), a flexible office provider, under a long-term lease with no break option, ensuring stable income. In addition, a rent review with upward-only provisions is scheduled. The asset formed part of the Lotus portfolio which Oval bought from The Langham Estate in March 2024.
Comment from Shinya Ozawa, President & CEO:
“This transaction marks our Group’s first office investment in London’s West End and represents an important step in advancing our global real estate investment strategy. With its prime location, high specifications, and stable long-term income profile, this property is a high-quality asset. We will continue to build a strong relationship with the tenant and enhance the asset’s value over the medium to long term.”
In this transaction, Cushman & Wakefield and CMS acted as advisors to Tokyo Central Urban Development Co., Ltd., while Colliers, JLL, and DLA Piper acted as advisors to the seller, Oval Real Estate.
