Property investment company Unica Capital has acquired 167-169 Wardour Street in Soho, London, from CBRE Investment Management (CBRE IM) for £11.5m.
The fully let 13,628 sq ft building is arranged over six floors, with a restaurant operator occupying the basement and ground floors and office space on the upper floors.
Byron Baciocchi, founder and CEO at Unica Capital, said: “This acquisition epitomises our approach to sourcing the best buildings in prime locations with long term appeal. London is currently an attractive buyer’s market for those who can act quickly and decisively on the right opportunities.
“Despite previous broader economic uncertainty, the combination of stagnant or falling prices and growing tenant demand make prime London property an enticing prospect for investors including family offices and ultra-high net worth individuals. Following a strong and successful 2023, the acquisition of 167-169 Wardour Street marks the beginning of what will be a substantial growth year in 2024, with nine active acquisition projects underway in central London.”
Hanover Green advised CBRE IM and Unica was represented by Tydus Real Estate.
