RDI has completed the disposal of 127 Charing Cross Road for €67.3 million ($80.9 million).
The new owner is Nomura Real Estate U.K. Ltd.
Stephen Oakenfull, CEO of RDI, commented, “This disposal marks the conclusion of a well-executed and successful asset management plan designed to enhance the value of an income-generating asset. We believe that the sale captures a significant proportion of the asset’s potential value and provides us with the ability to recycle capital into opportunities with stronger risk-adjusted returns. In the meantime, the proceeds of this transaction further strengthen the balance sheet where we now have cash and available facilities totaling approximately €312.5 million [$375.7 million] execute on our strategy.”
