Sol Zakay’s Topland Vintage has completed a £17m senior facility to Northstar Capital to finance the acquisition of 181-183 Oxford Street.
Situated on the prime eastern stretch of Oxford Street, between Oxford Circus and the Marks & Spencer Pantheon Building, the pitch benefits from record-low vacancy, resilient footfall, and improving retailer sentiment. Rents on this part of Oxford Street are now approaching pre-Covid levels, reflecting strong confidence in the market’s recovery.
David Sanderson, Head of Structured Finance at Topland commented:
“This deal affirms our commitment to prime central London real estate and the continued expansion of our senior debt platform. As always, we remain swift, agile, and flexible in our investment approach.”
Farid Alizadeh, Chief Executive at Northstar Capital said:
“Topland have been highly commercial throughout this transaction, demonstrating both speed and flexibility. Having partnered with them on several deals, they continue to deliver with consistency. Their strong understanding of the asset’s real estate fundamentals gave them a clear edge as a lender and aligned seamlessly with our commercial objectives.”
Fladgate LLP acted on the legals for Topland Vintage, with Brecher LLP acting for the Northstar Capital.
