KAJIMA EXPANDS LONDON OFFICE PORTFOLIO WITH SOHO SQUARE ACQUISITION

Kajima’s workspace division has acquired 31,000 sq ft prime office development at 27 Soho Square in London's West End.

The acquisition forms part of Kajima's strategy to identify commercial value-add opportunities in central London, which exhibit the potential to provide prime office workspace with high sustainability criteria that meet modern occupiers' growing demands.

27 Soho Square is a prime seven-storey building currently multi-let to five tenants. Located in one of central London’s most famous and historic squares, the building offers high-quality workspace in an area well-connected to public transport, including the new Elizabeth Line station at Tottenham Court Road, and within walking distance of Oxford Street and Soho's renowned retail, entertainment and leisure offerings.

The building, originally constructed in 1985, has been recently refurbished to include new all-electric central plant.

27 Soho Square was acquired from Federated Hermes, with Fineman Ross acting on behalf of the buyer and Harris Associates on behalf of the seller.

Kajima's workspace portfolio in London also includes the 83,000 sq ft 77 Coleman Street in the City, which won the best City of London refurbishment award in 2022, and Orwell House in Fitzrovia, which received planning permission in May 2023 to refurbish and extend the building into best-in-class workspace.

Tim James, Investment Director at Kajima, said: "27 Soho Square is a milestone addition to our London office portfolio and continues our aggregation strategy into core London sub-markets where we seek to identify value add opportunities that are supported by robust occupational demand drivers.”