Hines acquires West End London office

Hines has acquired 354-358 Oxford Street, a prime asset located above the Bond Street Underground station entrance on the north side of Oxford Street and in the heart of London’s West End on behalf of the Hines European Value Fund (HEVF).

“The acquisition of 354-358 Oxford Street is another example of HEVF’s commitment to focus only on the best micro-locations within its target markets,” said Paul White, HEVF fund manager. “The mixed-use components of this new project offer the fund strong downside protection during uncertain macroeconomic times. HEVF is thrilled to acquire its first asset in London and looks forward to acquiring additional compelling value-add assets in the city in the near future.”

Hines’ U.K. team advised HEVF on the acquisition of 354-358 Oxford Street, which was sold by Transport for London for around £41 million ($52 million) and is notably HEVF’s fifth acquisition in the last 12 months.

Hines will deliver best-in-class re