29 November 2012

F&C sell Boots' Oxford Street store for £28.1m

Forsters has advised F & C Commercial Property Holdings Limited on the sale of the long leasehold interest in 385 – 389 Oxford Street, London to a private overseas investor for £28.1m.

The property, which is let in its entirety to Boots UK Limited for a term expiring in June 2019 at a current annual rent of £1,075,000, comprises approximately 7,800 sq ft of retail and ancillary space in a prime retail location adjacent to Bond Street underground station.

Commercial Property partner, Glenn Dunn advised F & C Commercial Property Holdings Limited, assisted by Peter Selwyn. The purchaser was represented by Chris Harvey of Mayer Brown International LLP.

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