The agreement was signed and completed 18 September 2015.
Norges Bank Investment Management paid 240 million pounds for the entities that own the 95-year long leasehold interest in the property. The asset is unencumbered by debt, and no financing was involved in the transaction.
The building comprises 45,000 square feet of office space on four upper floors and 45,000 square feet of retail space in a shopping centre fronting Oxford Street. The shopping centre also provides an entrance to Bond Street London Underground station.