Investment

LaSalle Completes Purchase of Sedley Place on Oxford Street

LaSalle Investment Management has completed the purchase of Sedley Place, 355-361 Oxford Street, London W1, from Norges Bank Investment Management (NBIM). The price is understood to be £85m, reflecting a net initial yield of 4.72%. LaSalle is acting on behalf of the California State Teachers’ Retirement System (CalSTRS)
The building totals 54,651 sq ft of retail-led mixed-use space. Boots is the main tenant and is understood to contribute around 80% of rental income. Its lease runs to 2035
NBIM paid £124m for the building in 2016, buying from Aberdeen Asset Management. The asset is a long leasehold from the City of London Corporation, with 129 years remaining at the time

LaSalle Investment Management, acting on behalf of the California State Teachers' Retirement System (CalSTRS), has completed the purchase of Sedley Place at 355–361 Oxford Street for £85 million. The vendor, Norges Bank Investment Management (NBIM), originally acquired the property in 2016. Sedley Place comprises 54,651 sq ft of prime, retail-led mixed-use space situated on the northern side of Oxford Street near Bond Street station. The asset’s income stream is predominantly anchored by health and beauty giant Boots, which occupies the primary retail accommodation and accounts for approximately 80% of the building's total rental revenue under a long-term lease running until 2035.

Hayfin and Capreon Acquire 280 Bishopsgate for £320m

* Hayfin has acquired 280 Bishopsgate, a 13-storey Grade A office building in the City of London near Liverpool Street station, in partnership with Capreon. The price has not been disclosed, but market sources put it at around £320m. Hayfin led the transaction * The building is fully let. It was

HKRI-Linked Cha Family Acquires 13 Hanover Square for Over £91m in Off-Market Deal

* The Cha family, which controls Hong Kong developer HKRI, is understood to have acquired 13 Hanover Square, W1, from Lazari Investments. The price is understood to be £91m * The building has seven storey of office space, let to serviced office provider Halkin, with a Pret A Manger and Starbucks on

London Initiative for Safe AI Takes 82,000 sq ft at Tribeca, King’s Cross

* Reef + Partners and BlackRock Real Estate have signed the non-profit London Initiative for Safe AI (LISA) for 82,000 sq ft at the Tribeca campus in King’s Cross. LISA will occupy six floors of The Reflector, the second building on the campus, which sits along Regent’s Canal.

Gardiner & Theobald Secures 55,000 Sq Ft London Headquarters Pre-Let at 30 Finsbury Square

* Gardiner & Theobald has signed for a 54,939 sq ft London headquarters at MEAG’s 30 Finsbury Square, covering 3.5 floors of the building. The space is on floors one to four. The lease starts in 2028 and occupancy is planned for the third quarter of 2029. * Originally

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Hayfin and Capreon Acquire 280 Bishopsgate for £320m

HKRI-Linked Cha Family Acquires 13 Hanover Square for Over £91m in Off-Market Deal

London Initiative for Safe AI Takes 82,000 sq ft at Tribeca, King’s Cross

Gardiner & Theobald Secures 55,000 Sq Ft London Headquarters Pre-Let at 30 Finsbury Square