Hines Pan-European Core Fund purchases London asset

Hines Pan-European Core Fund (HECF) has acquired 7 Soho Square in London for a total consideration of £78 million (€85 million/$99 million).

7 Soho Square comprises 62,000 square feet of mostly office, plus ancillary retail and other accommodation arranged over the basement, ground and six upper floors, with reconfiguration and reversionary potential.

The building is fully let, with Trip Advisor, a travel digital platform, occupying the majority of the office space, and planning consultancy Barton Willmore the other office tenant. The retail element on the basement and ground floor is leased to Tesco.

The property is located in one of the most vibrant and popular areas of the West End and benefits from excellent transport access.

“Soho Square is an iconic landmark and positioned directly opposite the new Tottenham Court Road Elizabeth Line station entrance; it’s one of the West End’s most sought after destinations. Alongside its pinpoint location