Pan-European property investor, developer and asset manager Kajima has acquired the 31,000 sq ft 27 Soho Square office development, in London’s West End, from Federated Hermes for an undisclosed price.
The seven-storey building, which was built in 1985, has recently been refurbished to include new all-electric central plant. It is let to five tenants.
Kajima said the acquisition forms part of its strategy to “identify commercial value-add opportunities in central London, which exhibit the potential to provide prime office workspace with high sustainability criteria that meet modern occupiers’ growing demands”.
Tim James, investment director at Kajima, said: “27 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.”
Fineman Ross represented Kajima and Harris Associates acted on behalf of the seller.
