SEACOURT Tower, one of Oxford’s most eye-catching buildings, has been sold for more than £65m.
At the end of last year it emerged that the building and Seacourt Retail Park were up for sale and could fetch that amount, according to retail industry insiders.
Bidding was expected to be strong after owners British Airways Pension Trustees put the 11-acre site, comprising 80,000 sq ft of retail and 90,000 sq ft of offices, up for sale.
READ AGAIN: Seacourt Tower and retail park for sale
Now leasing agents Savills say a deal has been completed with the sale ‘significantly ahead’ of the asking price.
The buyer has not yet been confirmed but it is understood that real estate and private equity investment firm Brockton Capital made an offer of £75m to £80m.
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Retail businesses listed as tenants are Dreams, Sports Direct, Decathlon and Homebase.
DIY store Homebase closed and it is understood that B&Q wanted to occupy the site. While B&Q expressed an interest, there was disappointment when Marks & Spencer scrapped a plan to open a foodhall on the site.
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