Forsters advise on Oxford Street sale

Forsters has acted on behalf of HBOS UK Property Fund, managed by Aberdeen Asset Management, on the sale of the long leasehold interest in 192-194 Oxford Street and 26 Market Place, W1 to St George’s Hall Holdings. The purchase price was £44.8 million – a 2.26% yield. 

The property includes a retail unit at ground and lower ground floor levels, which is currently let to footwear and handbag brand Russell and Bromley, with office floors above.

Commercial Real Estate partner, Glenn Dunn, led the team advising on the sale assisted by Peter Selwyn.