Japanese real estate player lands chic
West End debut with Douglas House acquisition

Japanese real estate group Sogo Development Group has entered London’s West End office market for the first time, acquiring Douglas House - a fully-let, Art Deco office building in Fitzrovia - in a deal with Oval Real Estate for an undisclosed sum.

The deal marks a strategic step into core London real estate for Sogo Development Group, with the asset already fully leased to flex operator Fora on long-term, no-break lease terms.

Originally built in 1930, Douglas House has been refurbished twice in recent years, in 2019 and again in 2025, with works focused on modernising the building while retaining its original architectural character.

The asset now holds an EPC B rating and features upgraded mechanical and electrical systems, a new entrance, rooftop terrace, gym, and shower and changing facilities, reflecting continued occupier demand for amenity-led office space in central London.

The property previously formed part of the Lotus portfolio, acquired by The Langham Estate in March 2024 before being sold on to Oval Real Estate.

Commenting on the transaction, 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.”

Advisory roles on the deal were led by Cushman & Wakefield and CMS for Sogo Development Group subsidiary Tokyo Central Urban Development Co, while Colliers, JLL and DLA Piper advised Oval Real Estate.

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