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Norges buys Oxford Street office/retail block from GPE for £276.5m

Great Portland Estates has sold 73/89 Oxford Street and 1 Dean Street, London, W1 to Norges Bank Real Estate Management for a price of £276.5m, reflecting a net initial yield to the buyer of 3.2%.
CoStar News
November 16, 2016 | 2:16 P.M.

The office and retail development is under construction with practical completion expected in Q2 2017. The scheme is pre-let to New Look Retailers, Benetton Group S.r.l and Moneysupermarket.com Group PLC with a WAULT of 17 years. The rent on completion will be £9.74m per annum (subject to final measurement on PC).

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News | Norges buys Oxford Street office/retail block from GPE for £276.5m