UK property investor Great Portland Estates has sold the 1 Newman Street office and retail property in London to Royal London Asset Management Property for £250 million (€287 million).
Great Portland Estates said the sale of the fully-let, multi-let 121,300 square feet W1 asset on the northern side of Oxford Street reflected a net initial yield of 4.48%.
This price was marginally ahead of the property’s March 2025 book value, it added.
Source: realassets.ipe.com on the 27th of October