Private real estate holding Global Holdings Group has acquired mixed-use asset 10 Great Pulteney Street in London from fashion retailer Boohoo.
Financial details were not disclosed.
The building includes 44,166 ft2 (4,100 m2) of Grade A office space, and a self-contained five-unit residential block of 2,928 ft2.
The transaction caps a busy year for Global Holdings, following its acquisition of Frith & Bateman, also in Soho.
Josh Lawrence, chief executive of Global Holdings Management Group UK, said: ‘As long-term investors in London’s West End office market, we are pleased to add another great building to our portfolio.
‘10 Great Pulteney Street, as well as the recent purchase of the Frith + Bateman building, allows us to capitalise on the demand we are seeing from occupiers keen to relocate to such a well-connected and fun place to work.
‘We will now utilise our in-house design studio and asset management team to ensure 10 Great Pulteney Street continues to provide high-quality workspace for our occupiers.’
10 Great Pulteney Street was built in the 1960s and has been remodelled and reconfigured over time. During this time, it has been home to several big-name occupiers including Microsoft, Nokia, Creston, and most recently Boohoo.
Following the acquisition, 10 Great Pulteney Street will be managed by Global Holdings Management Group, which develops, advises and manages the real estate assets of Global Holdings Group.
The team will work closely with Boohoo to ensure the workspace continues to provide the amenities and wellbeing credentials to help them attract and retain talent.
