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, announced on October 25th that the office and commercial building at 100 New Oxford Street in central London is officially up for sale at a guided price of £140 million, with an expected yield of around 5.5%. This price reflects the rapidly heating London real estate market, drawing strong interest from international capital, including private buyers from Hong Kong.

The property is situated at the border of London's West End districts of Soho and Covent Garden, adjacent to the transportation hub Tottenham Court Road, providing easy access to Heathrow Airport, the financial district, and Canary Wharf. The building occupies half an acre with a total floor area of 109,826 square feet. The ground floor and basement house retail shops and restaurants, while floors 2-6 are dedicated to office spaces. The current rental rate is approximately £78 per square foot, lower than the average rental rates in the nearby Soho area, indicating significant potential for rental growth.

AEW has designed a plan to enhance rental levels and the building's value for the new buyers, including re-leasing after current leases expire in the next 2-3 years and refurbishing the remaining floors and adding a rooftop garden within the next five years to enhance the quality and rental rates of the entire building. Moreover, the investments of several Hong Kong tycoons and families near Tottenham Court Road demonstrate the area's attractiveness.

Since the fall season began, the London office property market has been steadily warming up, with many internationally renowned funds and investment companies starting to sell commercial buildings in the heart of London, such as Nuveen under the American Retired Teachers Foundation (TIAA) and funds under Brookfield. This trend indicates the increasing activity in the London real estate market, drawing attention from global capital.