Green Street
Central London Retail Insights: A Forensic Investigation

Central London Retail Insights: A Forensic Investigation

Green Street takes a closer look at the Retail sector and sheds light on some insightful takeaways:

A 27-building portfolio within the Langham Estate situated in London’s West End has entered exclusivity with a current bid of ~£360m (~£800/sf) from Oval Real Estate backed by Elliott Advisors. The prospective deal was touted as the largest in London this year.  It has tested the appetite of investor demand for central London assets and indications look as if that vendors will be left wanting. Shaftesbury Capital’s mixed-use retail portfolio is within the same vicinity and the process proffers a window into how far prime central London retail real estate values have fallen. Whilst the holistic takeaway for London’s high-street retail is negative, granular analysis – using data from Local Data Company, a Green Street-owned U.K. retail analytics company – of the two distinct portfolios suggests the negative read across is less severe than at first blush. 

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