Meyer Bergman has confirmed its purchase of New Bond Street House on New Bond Street, W1, for £110m.
The European investor, in behalf of Meyer Bergman European Retail Partners II, acquired the 54,900 sq ft property from a fund managed by BNP Paribas Real Estate Investment Management Germany.
It is let to jeweller Georg Jenson and Italian tailor Kiton on the ground and basement floors and the upper floors are leased as offices.
Markus Meijer, Meyer Bergman’s chief executive, said: “Properties at this location are in great demand from investors and retailers because of the halo effect of these world-renowned brands.
We are extremely pleased to be able to have secured Bond Street House in an off-market transaction.
“We continue to see a number of opportunities in the top retail destinations of Europe’s leading cities, where we target properties that require creative asset management to unlock their full potential.”
Michael Elliott and Lunson Mitchenall advised Meyer Bergman; BNP Paribas Real Estate acted for the vendor.
annabel.dixon@estatesgazette.com
