LONDON—Tishman Speyer, has acquired 100 New Oxford Street, WC1, a 105,000-square-foot office and retail building in London.

The property was purchased from the Hermes Investment Management and Canada Pension Plan Investment Board a London joint venture. It represents Tishman Speyer's third central London acquisition in the past year, following the 2014 purchases of the Sainsbury's headquarters at 33 Holborn and The Point office building in Paddington.

The asset at 100 New Oxford Street includes six floors of modern office space and ground level retail. It enjoys a prominent location near the Centre Point redevelopment project and is surrounded by the strong Covent Garden, Holborn, Bloomsbury and Soho submarkets. The property is close to the Tottenham Court Road underground station, which will feature Crossrail access by 2018, and is expected to deliver around 200 million passengers each year, providing a 10% increase to rail capacity in the capital and significantly reducing the travel times.