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Sign in Sign up for a FREE subscriptionSun Venture to acquire One New Oxford Street in first U.K. acquisition
Sun Venture has exchanged contracts to purchase One New Oxford Street in London from Nuveen Real Estate, on behalf of Central London Office Fund and British Airways Pension Trustees Ltd.
The deal is the first U.K. acquisition for the Singaporean property developer and investor.
The sales price was not disclosed. One New Oxford Street is a freehold London landmark office and retail development situated close to the new Crossrail station at Tottenham Court. On behalf of the joint venture, Nuveen carried out a major, award-winning refurbishment and extension of the iconic Art Deco property, which completed in 2017 and totals approximately 110,000 square feet over nine floors. Global retailer H&M pre-leased six of the office floors to house the U.K. headquarters of one of its high-end brands, and the remaining three office floors are leased to Amazon subsidiary Twitch, a global video and live streaming service provider. The groundfloor retail line-up has be
