New owner for historic retail property.
CBRE have been appointed as Oxford Properties’ sole agent with responsibility for tenant advisory services and retail leasing at The Royal Exchange. This is a major step in the long term plans for re-invention of the building.
The Royal Exchange is a famous London landmark of 51400 sq ft and housing 39 retail boutiques which are set around a central courtyard Bar and Grand Café. It holds 98% tenancy with some of the top global retailers, including Watches of Switzerland, Tiffany & Co, Smythson and Hermes.
Oxford Properties’ Chris Carter Keall stated their pleasure at welcoming CBRE to The Royal Exchange team. He said they offer a specific skill blend, experience and contacts that is relevant to the property’s requirements. He added that they are looking forward to working with CBRE and the rest of the team at The Royal Exchange as they proceed with their long-term asset management strategy to realise the building’s full potential. CBRE stated their delight at working with Oxford Properties to reach their shared vision for this iconic building.
The building was acquired by Oxford during December 2013 and complements their existing portfolio which includes Paternoster Square, St James’s Market, London Wall Place and Green Park in Reading.
23 JULY 2014, United Kingdom
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