It was a busy week for Canadian pension funds in the British capital. Ivanhoé Cambridge announced its acquisition of 21 Lombard St, a 116k SF building in the City of London, from an undisclosed seller for $240M. The property (above), leased entirely to UBS, is the third London office building acquired by Ivanhoé in under six months. Meanwhile, Oxford Properties Group and Brockton Capital announced a JV to redevelop 21-31 New Oxford St, formerly a Royal Mail sorting office, into a 320k SF mixed-use complex. This is Oxford’s fifth development deal in London. (Our request to interview the new royal baby about the deal was denied.)
Ivanhoé Cambridge, Oxford Strike Deals for Towers of London
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Related Topics:
21-31 New Oxford St
, 21 Lombard Street
, Brockton Capital
, Ivanhoé Cambridge
, London
, Mixed-use
, Oxford Properties Group
, Royal Mail
, UBS
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