Japan-based real estate company Sogo Development Group has acquired Douglas House in London’s West End from Oval Real Estate for an undisclosed price.
The circa 43,541 sq ft Art Deco office building, which is located at 131–151 Great Titchfield Street, was constructed in 1930 and was refurbished in 2019 and 2025. The EPC B rated building is now equipped with modern M&E systems, a roof terrace, shower and changing facilities, a gym and a new entrance.
The property is leased to flexible workspace operator Fora on a long-term lease with no break option and a rent review with upward-only provisions is scheduled.
The asset formed part of the Lotus portfolio, which Oval bought from The Langham Estate in March 2024.
Shinya Ozawa, president and CEO of Sogo Development Group, said: “This transaction marks our group’s first office investment in London’s West End and represents an important step in advancing our global real estate investment strategy. With its prime location, high specifications, and stable long-term income profile, this property is a high quality asset. We will continue to build a strong relationship with the tenant and enhance the asset’s value over the medium to long term.”
Cushman & Wakefield and CMS acted as advisers to Sogo Development Group subsidiary Tokyo Central Urban Development Co on the deal and Colliers, JLL and DLA Piper advised Oval Real Estate.
AloJapan.com