Tribeca Buying London Mayfair Property

Tribeca Buying London Mayfair Property

Commercial News » Done Deals | By WPC Deals Team | October 1, 2013 1:59 PM ET

Tribeca Holding, the firm managed by Irish investor Aidan Brooks, is buying a mixed-use site in London's Mayfair district for 130 million pounds ($211 million).

The buildings on 431-451 Oxford Street includes nine stores, offices and apartments, Bloomberg reports. The sale will be "the second-largest mixed-use property deal in London's West End district this year," the wire service reports.

The seller is Structadene Ltd., the London-based developer founded by entrepreneur David Pearl, Bloomberg says.

The property in one of London's most fashionable neighborhood is about 175 yards from the planned Bond Street station for Crossrail, which is scheduled to open in 2018.

Tribeca is working with an undisclosed partner in the deal, Bloomberg reports.

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