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Oxford Street's Sedley Place Changes Hands

Sedley Place

Aberdeen Asset Management sold a 59k SF retail and office project on Oxford Street from a fund that suspended trading in the wake of the Brexit referendum vote. 

Norway’s sovereign wealth fund snapped up the prime London property at 355-361 Oxford St for £124M. The asset is a long leasehold from the City of London Corp with 139 years remaining on the lease, according to IPE Real Estate. Boots is the main retail tenant and also occupies some office space. [IRE]