Past performance is not a guide to future returns. An illustrative example. The presented asset is closed to new investors.
Overview
St Christopher’s Place is a Central London estate situated in a core West End location just off Oxford Street. This unique mixed-use holding comprises 172 lettable units across 40 buildings diversified across the retail, leisure, residential and office sectors. The asset offers a multitude of opportunity for accretive asset management in the delivery of leasing, repurposing and redevelopment initiatives, as well as the building of greater critical mass around this renowned estate.
Background
The strategy for St Christopher’s Place is firmly focused on growth with three key initiatives in place:
- Enhancing the Food & Beverage (“F&B”) offering at the estate. The conversion of traditional retail to F&B drives investment fundamentals through superior rents, longer leases and sharper capitalisation rates, while also enhancing the consumer experience and occupier dynamics of the estate.
- The recovery of Oxford Street. Significantly reduced business rates, the opening of Crossrail’s Elizabeth Line and a rebased rental tone boost occupier demand for Oxford Street.
- St Christopher’s Place as a West End office hub. Occupier demand for smaller floorplates is predominantly centred on fully fitted ‘Plug & Play’ space. Fitted space increases the optionality for occupier demand and materially reduces void periods, rent free periods and achieves higher rents. Whilst promoting the estate as an office campus, we are proactively repositioning suites to meet this key source of demand.
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