Past performance is not a guide to future returns. An illustrative example. The presented asset is closed to new investors.
Overview
St Christopher’s Place is a Central London estate situated in a core West End location just off Oxford Street. This unique mixed-use holding comprises 172 lettable units across 40 buildings diversified across the retail, leisure, residential and office sectors. The asset offers a multitude of opportunity for accretive asset management in the delivery of leasing, repurposing and redevelopment initiatives, as well as the building of greater critical mass around this renowned estate.
Background
The strategy for St Christopher’s Place is firmly focused on growth with three key initiatives in place:
- Enhancing the Food & Beverage (“F&B”) offering at the estate. The conversion of traditional retail to F&B drives investment fundamentals through superior rents, longer leases and sharper capitalisation rates, while also enhancing the consumer experience and occupier dynamics of the estate.
- The recovery of Oxford Street. Significantly reduced business rates, the opening of Crossrail’s Elizabeth Line and a rebased rental tone boost occupier demand for Oxford Street.
- St Christopher’s Place as a West End office hub. Occupier demand for smaller floorplates is predominantly centred on fully fitted ‘Plug & Play’ space. Fitted space increases the optionality for occupier demand and materially reduces void periods, rent free periods and achieves higher rents. Whilst promoting the estate as an office campus, we are proactively repositioning suites to meet this key source of demand.
Insights
25 April 2024
Alternatives
Outlook
Head of Research, Europe, Real Estate (EMEA)
UK Real Estate: Talking Points April 2024
UK Real Estate: Talking Points April 2024
Our quarterly snapshot of current real estate market trends.
Read time - 2 min
15 February 2024
Alternatives
Real Estate
Head of Research & Analytics, Real Estate (US), Lionstone Investments
Head of Research, Europe, Real Estate (EMEA)
2024 Global Real Estate Outlook
2024 Global Real Estate Outlook
What's in store for real estate in 2024? Global megatrends and financial conditions will impact returns and sector allocation.
Read time - 4 min
20 December 2023
Alternatives - Real Estate Securities
Alternatives, Real Estate
Head of Property Investment, Thames River Capital
Fund Manager
Targeting relative value in listed real estate
Targeting relative value in listed real estate
With inflation data suggesting we are at or near the peak in interest rates and investors assessing scope for cuts in 2024, real estate equities have risen sharply from their lows.
Read time - 4 min
12 December 2023
Alternatives
Real Estate
European Fund Manager, Real Estate
Managing Director, Head of France, Benelux & Southern Europe, Real Estate
Head of Research, Europe, Real Estate (EMEA)
The resurgence of Europe’s luxury high streets is gathering momentum
The resurgence of Europe’s luxury high streets is gathering momentum
High street retail markets across Europe are benefitting from the solid recovery of tourism, both international and domestic.
Read time - 3 min
30 June 2023
Alternatives
Outlook
Fund Manager & Co-head of Institutional UK Real Estate
UK real estate: half-year health check
UK real estate: half-year health check
Despite volatility in the UK property market over the past 12 months, there's been a nascent pricing recovery since March. So, what's the outlook like for the rest of the year?
Read time - 4 min
20 March 2023
Alternatives - Direct property
Alternatives-Direct Property
Fund Manager & Co-head of Institutional UK Real Estate
Co-Head of Institutional, UK Real Estate
Delivering sustainable returns in real estate investing
Delivering sustainable returns in real estate investing
Climate change is affecting every sector of our economy, and it remains one of the most important factors to consider when making long term investment decisions.
Read time - 8 min
17 March 2023
Alternatives
Real Estate
Global Head of Alternatives
Real estate – understanding the new normal
Real estate – understanding the new normal
Where next for real estate? With sections on the UK, Continental European and US real estate our team take a closer look at the economic backdrop, activity in 2022, the outlook for 2023 plus strategy calls across various sub-sectors.
Read time - 9 min
15 February 2023
Alternatives - Direct property
Alternatives
Director, Property Funds
Assistant Fund Manager
Build to rent investment – performance, resilience, and a great diversifier
Build to rent investment – performance, resilience, and a great diversifier
Residential property is no longer an emerging asset class or viewed solely as an ancillary part of a commercial property allocation.
Read time - 5 min
22 December 2022
Alternatives
Outlook
Head of Research, Europe, Real Estate (EMEA)
Real Estate: Preserving Value
Real Estate: Preserving Value
There was a definite air of positivity in European real estate markets in January and February 2022.
Read time - 4 min
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