Almacantar sells 125 Shaftesbury Avenue for £267m

Savills Investment Management has bought 125 Shaftesbury Avenue, W1, for £267m from Almacantar. Savills Investment Management concluded the transaction on behalf of a club of Korean institutional investors managed by Vestas Investment Management. The building, in Soho, consists of 190,000 sq ft of office, retail and ancillary space over 11 floors, including ground and basement. The 140,000 sq ft of office space in the property, which is undergoing a comprehensive refurbishment, is let to WeWork for a term of 20 years. The 37,000 sq ft of retail space is let to five tenants, including Made.com and Nisbets. Alistair Ennever, transaction