Edge and Mitsubishi Estate London Limited acquire Shaftesbury Avenue property

International real estate developers Edge and Mitsubishi Estate London Limited have completed the acquisition of 125 Shaftesbury Avenue in London’s West End.

125 Shaftesbury Avenue is a 180,000 sq ft office building with retail at ground floor level. The 1.2-acre freehold site was previously occupied by WeWork and has a strong history of attracting London’s most innovative, leading businesses including BT, Yahoo and Meta.

Benefitting from excellent connectivity, the building sits in a prime location just south of Tottenham Court Road station, giving access to the Elizabeth, Central and Northern tube lines. The 1980’s building presents a major central London redevelopment opportunity for the joint venture partners.

Mitsubishi Estate London is one of London’s leading developers and has delivered flagship workplaces including 8 Bishopsgate, Central Saint Giles and Paternoster Square.

This latest partnership reflects Mitsubishi Estate London’s continued commitment to investing in Central London office developments. Building on EDGE London Bridge and EDGE Shoreditch, this new acquisition also marks the next milestone in Edge’s delivery of market-leading sustainable and smart office buildings across the capital.

At a time where the future of work is in flux, this move demonstrates the developers’ confidence in the fundamentals of high quality sustainable real estate in London’s office market.

In keeping with the Edge vision, 125 Shaftesbury Avenue will deliver a modern, innovative workplace with sustainability and people’s wellbeing at its core. Plans for the building will be aligned to Edge’s commitment to achieving absolute Net Zero by 2050.

Fons van Dorst, Managing Director UK at Edge said: “The need for healthy, sustainable, and smart buildings in accessible and vibrant locations is overdue in London. The acquisition of 125 Shaftesbury Avenue demonstrates Edge’s commitment to delivering best-in-class developments, as well as further proof of the markets’ interest in our vision.

“We look forward to reviving this iconic site alongside our partners at Mitsubishi Estate London Limited”.

Shinichi Kagitomi, Managing Director at Mitsubishi Estate London Limited said: “As long-term believers in the longevity and resilience of London’s office market, we are pleased to have made another acquisition and remain committed to growing our existing pipeline of developments projects across the Capital.”

By Mark Adair – Correspondent, Bdaily

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