Pan-European investor Kajima has acquired 27 Soho Square. The purchase price of the West End, London office, is reported to be over £45 million.
The 31,000-square-foot prime West End London office was bought from investment manager Federated Hermes.
The acquisition by Kajima’s workspace division follows the strategy to identify commercial value-add opportunities in central London, with the potential to provide prime office workspace with high sustainability.
The prime seven-storey building is multi-let to five tenants. Located in one of central London’s most famous and historic squares27 Soho Square offers high-quality workspace in an area well-connected to public transport, including the new Elizabeth Line station at Tottenham Court Road, and within walking distance of Oxford Street and also Soho’s renowned retail, entertainment and leisure offerings.
The building, initially constructed in 1985, has been recently refurbished to include new all-electric central plant.
Fineman Ross acting on behalf of the buyer and Harris Associates on behalf of the seller.
Kajima’s workspace portfolio in London also includes the 83,000 sq ft 77 Coleman Street, which won the best City of London refurbishment award in 2022, and Orwell House in Fitzrovia, which received planning permission in May 2023 to refurbish and extend the building into best-in-class workspace.
Tim James, Investment Director at Kajima, says, “Twenty-seven Soho Square is a milestone addition to our London office portfolio and continues our aggregation strategy into core London sub-markets where we seek to identify value add opportunities that are supported by robust occupational demand drivers.”
