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, has recently announced the official sale of the office building 100 New Oxford Street located in the heart of London's Oxford Street. The guided selling price for this property is £140 million, with an expected yield of approximately 5.5%. This price reflects the rapidly heating trend in the London real estate market. Currently, international capital, including private buyers from Hong Kong, has shown strong interest in this property.

The property is situated at the border of London's affluent Soho and Covent Garden areas in the West End, in close proximity to the transportation hub Tottenham Court Road, providing convenient access to Heathrow Airport, the financial district, and Canary Wharf. The building occupies 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 floors 2-6 are designated as office spaces. The current rental rate is approximately £78 per square foot, lower than the average rental level in the neighboring Soho area, indicating significant potential for rental increases.

AEW has outlined plans to enhance rental levels and the value of the building for the new buyers. This includes re-leasing the space post the expiration of current leases within the next 2-3 years, as well as renovating the remaining floors and adding a rooftop garden over the next five years to elevate the quality and rental values of the entire building. Additionally, the investment activities of several Hong Kong tycoons and families in the vicinity of Tottenham Court Road underscore the attractiveness of this area.

Since the beginning of this autumn, the London office market has been experiencing a notable recovery, with many internationally recognized funds and investment companies initiating sales of commercial buildings in central London, such as Nuveen under the US retirement teacher foundation (TIAA) and funds under Brookfield. This indicates an increased activity in the London real estate market, capturing the attention of international investors.