AEW's £22M Acquisition of 95 New Cavendish Street: A Major Redevelopment Opportunity

AEW, an experienced player in real estate investment, has undertaken a strategic acquisition of 95 New Cavendish Street in Fitzrovia, London, for £22 million. The property, originally refurbished in the 1990s, offers significant redevelopment opportunities. The building spans 20,677 square feet over six floors, currently fully let to a sole tenant on a short-term lease. Future plans for the property include refurbishments such as a new façade, an additional floor, and a communal roof terrace, with construction expected to commence in early 2025. The law firm Mishcon de Reya played a pivotal role in advising on this acquisition. The firm's robust Real Estate and Corporate departments ensured a seamless transaction and will continue to guide AEW through the development and expansion of its portfolio. The acquisition highlights the ongoing demand for high-quality, sustainable office spaces in prime areas of London.