Rob Wilkinson, European CEO at AEW, calls 100 New Oxford “an exceptional property in an area that is benefitting from major investment and improvement, including the most significant infrastructure project in Central London for over a century. As such, the property represents a compelling opportunity and a great introduction to the London market for our German clients who we are very pleased to bring to the UK capital.

“The asset is further augmented by the numerous residential and commercial development projects in the vicinity of the asset which are enhancing the area's potential, boosting business and improving public spaces,” he continues. Among the retail and residential developments underway in the immediate area is the Centre Point tower, across the road from 100 New Oxford, which will include 82 high-end apartments as well as retail and restaurants.

LONDON—Thor Equities and AEW said Monday they had signed a contract to acquire a mixed-use property at 100 New Oxford St. here from Tishman Speyer. The Thor/AEW partnership is paying £180 million (US$237 million) for the property; AEW's stake is being purchased through a club deal consisting of two German investors.

“100 New Oxford Street is a prime asset located in one of the most desirable districts in London for office and retail properties, and with the opening of the nearby Crossrail Tottenham Court Road station, demand for space in the area will only continue to grow,” says Joseph Sitt, CEO of Thor Equities. He adds that his firm remains “strongly committed to London as a key global market, and we have proven to be able to continue to extract value from assets in the City and other key markets throughout Europe.”

The continent's largest infrastructure project, Crossrail is expected to bring an extra 1.5 million people to within a 45-minute commute of Central London; the Tottenham Court Road station affiliated with that project is undergoing a major refurbishment and is situated just 100 meters away from 100 New Oxford. The seven-story 100 New Oxford has itself undergone extensive renovations, housing 18,507 square feet of prime retail on the ground floor and 87,897 square feet of class A office on the upper floors.

The property is 100% occupied by 16 office and retail tenants. Among the retailers housed there are Shake Shack, Jessops, Costa Coffee and All Bar One, while Shisheido, WME Entertainment and Stanhope PLC are on the roster of office tenants.

Rob Wilkinson, European CEO at AEW, calls 100 New Oxford “an exceptional property in an area that is benefitting from major investment and improvement, including the most significant infrastructure project in Central London for over a century. As such, the property represents a compelling opportunity and a great introduction to the London market for our German clients who we are very pleased to bring to the UK capital.

“The asset is further augmented by the numerous residential and commercial development projects in the vicinity of the asset which are enhancing the area's potential, boosting business and improving public spaces,” he continues. Among the retail and residential developments underway in the immediate area is the Centre Point tower, across the road from 100 New Oxford, which will include 82 high-end apartments as well as retail and restaurants.