Mike Hussey’s Almacantar has exchanged contracts to buy the Centre Point tower on New Oxford Street, WC1.
The investor is understood to be paying £120m for the iconic tower, using debt from Eurohypo. The building has been acquired from Deloitte, the administrator of Norwich-based developer and investor Targetfollow.
Talks to buy the 33-storey, Grade II-listed tower have been ongoing since before Christmas. Centre Point will be the second coup for Almacantar this year.
In February, the firm was selected as preferred partner to bring forward a £400m redevelopment of Lord’s cricket ground in St John’s Wood, NW8.
