Aberdeen Investments acquires mixed-use Old Bond Street property
Aberdeen Investments, acting on behalf of the Standard Life Pooled Pension Property Fund, has acquired Standbrook House on London’s Old Bond Street.
The mixed-use retail, office, and residential building incorporates two retail units let to high-end watchmaker Richard Mille and luxury leather and fashion goods brand, Tod’s.
The above floors comprise four storeys of offices and two residential apartments.
This marks the second significant investment of the year for the Standard Life Pooled Pension Property Fund, following the acquisition of Sears Retail Park in Solihull in May.
David Stewart, fund manager at Aberdeen Investments, on behalf of the Standard Life Pooled Pension Property Fund, said: “This acquisition represents a strong addition to the fund’s portfolio, aligning with our strategy of investing in high-quality assets with long-term income and capital growth potential. It follows a series of disposals of industrial assets, which were sold at competitive pricing. We anticipate further acquisitions in London in the near future.”
JLL and CBRE acted for the vendor.