Comprising eighty New Bond Street and 325 Oxford Street, the asset is made up of 37,414 sq ft of place of work and retail house.
The property was procured from Aviva Investors by Hines on behalf of Hines European Worth Fund 2 (HEVF2), for an undisclosed sum.
It is at the moment enable to 4 tenants with vacancy offered from August 2020. Hines will refurbish the two the site’s retail and place of work house.
This is the third acquisition for HEVF2, bringing the total of equity allotted by the fund to €300m. When the initial fund not long ago shut, it experienced secured €637m.
Jake Walsh, director of Hines British isles, reported: “Oxford Street and Bond Street are among the world’s most iconic and preferred retail streets. With the eagerly predicted adjacent Hanover Sq. improvement finishing later this 12 months and the delivery of the Bond Street Crossrail station