Oxford Properties has given CBRE the role as sole agent for tenant advisory and retail leasing at The Royal Exchange.
This is an important step in the long-term plans made by Oxford to reinvent The Royal Exchange. The Royal Exchange is a 51400ft² landmark based in London. It consists of 39 retail boutiques which are located around a central courtyard Bar and Grand Café. Its tenancy rate is currently at 98% and it includes stores such as Watches of Switzerland, Smythson, Hermes and Tiffany & Co.
Oxford Properties have expressed their pleasure at the appointment of CBRE. They stated that the company brings a special blend of experience, contacts and skills which is relevant to the management of this property.
The Royal Exchange was purchased by Oxford during December 2013. This acquisition was consistent with its growth strategy and complemented its current European retail holdings, which include Paternoster Square and St James’s Market. Other holdings included in its European portfolio comprising 4m sq ft includes MidCity Place, Green Park in Reading, London Wall Place and The Leadenhall Building.
12 AUGUST 2014, United Kingdom