Hines secures prime mixed-used scheme in London’s West End

Hines has acquired a flagship mixed-use retail and office scheme in the heart of London’s West End on behalf of the Hines European Value Fund 2 (HEVF 2).

The 37,414-square-foot building arranged over lower ground, ground and five upper floors is uniquely positioned with dual frontage on both New Bond Street and Oxford Street (80 New Bond Street & 325 Oxford Street), making it one of the most desirable micro-locations and sought-after properties in central London.

Acquired from Aviva Investors for an undisclosed sum, the building is currently multi-let to four tenants with vacancy available as of August 2020. Hines will embark on a comprehensive reconfiguration and refurbishment to enhance and reposition the asset as flexible, best-in-class, prime retail space on the lower floors, with prime class A office space above.

Paul White, HEVF 2 fund manager, said, “This is a fantastic flagship acquisition for HEVF 2. It epitomize