Nuveen has mandated real estate advisor CBRE to sell Soho Wharf, 1 Clink Street, a comprehensively refurbished mixed use investment opportunity situated in the South Bank district of London.
Located moments from the River Thames and London Bridge station, the asset comprises 20,124 ft2 of Grade A offices, retail units over lower ground, ground and five upper floors, and a further 2,501 sq ft of residential accommodation across the sixth and seventh floors. The lower ground and ground floors comprise two units let as a museum and restaurant, Flat Iron, respectively.
The character warehouse office space was comprehensively refurbished in 2017 and is fully let offering diverse-medium term income, and recent regears in the building evidence its enduring appeal to its occupiers.
The sale will conclude Nuveen’s business plan for the asset following a raft of recent lettings and regears.
Heidi Wade, executive director at CBRE said: 'The scale of new developments in the area is having a transformational impact, and consequently, our research shows that South Bank has one of London’s strongest office rental growth projections for the period of 2023 to 2027. The area continues to see significant investment and development, spanning residential, office and life science uses, making it one of the most sought-after districts in London.'
