19 December 2016

Forsters advise on New Oxford Street acquisition

Forsters has advised a fund managed by real estate investment management firm Meyer Bergman in relation to the acquisition of 112-116 New Oxford Street, London for an undisclosed sum.

Meyer Bergman European Retail Partners III (MBERP III) acquired the premises from a private vendor. The basement, ground and first floors of the 10,540 sq. ft. building are leased to coffee house Starbucks, the upper floors are designated for office use and are currently vacant.

The property is opposite the iconic Centre Point Tower and close to the upgraded Tottenham Court Road Station, a key stop for the future Crossrail high-speed rail service and the catalyst for the regeneration of the surrounding area.

Commercial Real Estate partner, Andrew Crabbie, advised Meyer Bergman on the purchase, assisted by Sarah Harte.

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