Global Holdings Group has acquired 10 Great Pulteney Street in Soho from fashion retailer Boohoo for £49.5m.
The site provides 44,166 sq ft of Grade A office space and a 2,928 sq ft self-contained five-unit residential block.
The building, which was built in the 1960s and has been remodelled and reconfigured over time, will be managed by Global Holdings Management Group.
Boohoo said part of the sale proceeds would be used to pay down, in full, the remainder of its term loan, which was due for repayment in August 2025. This will leave the business with a £125m revolving credit facility.
Josh Lawrence, chief executive of Global Holdings Management Group UK, said: “As long-term investors in London’s West End office market, we are pleased to add another great building to our portfolio. 10 Great Pulteney Street, as well as the recent purchase of the Frith + Bateman building, allows us to capitalise on the demand we are seeing from occupiers keen to relocate to such a well-connected and fun place to work.
“We will now utilise our in-house design studio and asset management team to ensure 10 Great Pulteney Street continues to provide high-quality workspace for our occupiers.”
