International law firm Clifford Chance has advised Liu Chong Hing Investment, a Hong Kong-listed group, on the acquisition of central London retail and office property, Barratt House, 341-349 Oxford Street. Reevo Capital acted as acquisition adviser and asset manager on the transaction.
The 16,200 sq. ft property is situated close to the junction of Oxford Street and Bond Street, at the heart of Oxford Street’s development quarter, with several high-quality schemes due to be delivered. The fully let asset provides a stable rental income with an entry yield of c. 5.6 percent, together with a long-term capital growth potential, benefiting from its prime location and ongoing Oxford Street transformation.
This transaction further builds on Clifford Chance’s established track record of advising on high quality, sustainable commercial property portfolios. Clifford Chance advised on all aspects of the transaction.
The cross-practice Clifford Chance team was led by Real Estate Partner and Co-Head of Global Real Estate Alis Pay, in London, with support from lawyers Ben Redding, James Law, Sarah Thomas and Zain Farook.
Advice from the construction team was provided by Partner Ed Bretherton and lawyer Emma Clarke. Head of Real Estate Tax David Saleh and lawyers Viktoria Parkhomenko and Simon Corzberg, advised on the tax elements of the transaction.
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