The Business Transactions Residential People Contact Us

The following are examples of a number of opportunities that we have bought or sold on behalf of our clients. Many of these were transacted on a discreet 'off market' basis.


Purchase: The Notting Hill Gate Estate, London W11

We acted on behalf of Frogmore Real Estate Partners and secured this rare opportunity: a significant 3.11 acre freehold estate representing one of the very last major redevelopment opportunities in one of the world’s wealthiest districts.

The Royal Borough of Kensington & Chelsea, in which the properties lie, is one of the most exclusive areas of London with the highest average house prices in the UK and the highest earnings per household.

Notting Hill Gate is a strategic arterial link between Holland Park, Notting Hill and Kensington three of London’s most sought after property locations.

The Estate forms the prime retail offer and has over 385 metres of prime frontage making up over 50% of the whole Notting Hill Gate retail frontage.

The freehold Estate comprises four holdings totalling 164,882 sq ft with diverse uses including retail, offices, leisure, residential and car parking, with scope to extend and refurbish the space.

We secured the property for our client for £215,000,000 from The William Pears Group and LaSalle Investment Management.

Click to enlarge Click to enlarge
The Notting Hill Gate Estate, London W11 - Click to enlarge >

Purchase: 60 London Wall, London EC2

LaSalle Investment Management were searching for a well located core London refurbishment opportunity.

We acted on their behalf in the acquisition of 60 London Wall: one of the most significant freehold sites in the centre of the City of London of 1.3 acres, occupying a prominent corner position with over 140 metres of prime frontage.

The building provides 239,848 sq ft of offices and 21,900 sq ft of prime City of London retail space with potential to refurbish and extend the building adding additional space.

We secured the property for our client in a competitive bidding process for £197,500,000 from IVG.

Click to enlarge Click to enlarge
60 London Wall, London EC2 - Click to enlarge >

London Wall Area - Click to enlarge >

Off Market Sale: 151 Shaftesbury Avenue, London WC2.

This freehold office building is located on the west side of Shaftesbury Avenue, north of the junction with Charing Cross Road. It was completed in 2002 to a high specification.

We advised our client, Goodman Property Investors, to take advantage of the extremely strong market conditions mid-2007, and sell the property, realising a significant profit.

The total size of the building is circa 48,900 sq ft, over lower ground to seventh floors with a roof terrace.

The offices were let to four tenants, with expiries/breaks between two and six years away. The total passing rent reflected approximately £38 per sq ft, well below the market rent at the time of sale.

We acted on behalf of the vendor, and sold the building on an "off-market" basis, for £56,760,000 to a UK institutional investor in mid 2007. The sale price reflected a net initial yield of sub 3.5%.

Click to enlarge Click to enlarge
151 Shaftesbury Avenue, London WC2 - Click to enlarge >

Purchase: The Horseferry Building, Horseferry Road, London, SW1

Derwent London Plc are Central London refurbishment experts. They sought a property that both represented good commercial value and could be refurbished to provide luxurious office accommodation.

We purchased this remarkable building, comprising 155,000 sq ft of office accommodation in 2005 on their behalf, for £32,000,000 from the Secretary of State, on sale and leaseback terms.

The Horseferry Building was comprehensively redesigned and refurbished in 2006 by architects Alford Hall Monaghan Morris, to provide 162,897 sq ft of Grade A office accommodation on basement, ground and seven upper floors.

The entire building was subsequently pre-let to global fashion brand Burberry as their iconic new global headquarters.

Click to enlarge Click to enlarge
The Horseferry Building - Click to enlarge >

The Horseferry Building - Click to enlarge >

Off Market Purchase: Aviation House, 125/129 Kingsway, London, WC2

Our private clients were searching for a high-quality building in a good office location, that provided very secure long term income let to investment grade tenants, with guaranteed rental uplifts.

Aviation House comprises of 132,228 sq ft of Grade A offices let to the Secretary of State for twenty years from December 2000, a 25,000 sq ft unit let to Sainsbury’s until October 2035 and a 5,000 sq ft retail unit let to Boots until 2025.

We secured the property for our clients, off-market and at sensible pricing levels, for £95,000,000 from London and Regional Properties.

(Update: The building was sold two years after initial purchase to a private investor for £112,000,000.)

Click to enlarge Click to enlarge
Aviation House - Click to enlarge >

Off Market Purchase: Prince’s House, 192-196 Piccadilly & 36-40 Jermyn Street, London W1

Morley Fund Management were searching for a well-located multi-let West End investment that provided a mixed income profile.

We sourced and purchased Prince’s House off-market on their behalf, for £63,500,000, from a private investor.

The total size of this distinctive building is circa 78,012 sq ft, combining offices, retail, leisure and residential.

The offices were let to nine tenants with expiries/breaks between 2006 and 2016; Retail units were let to 17 tenants, also with expiries/breaks between 2006 and 2016, with tenants including Orange and Lladro; Leisure (including the exclusive Tramp night club) was let to 2023; a two-bedroom townhouse completed the mix.

Click to enlarge Click to enlarge
3 Princes House - Click to enlarge >

Off Market Purchase: 20 Soho Square, Soho, London, W1

Our institutional client, Morley Fund Management (now Aviva) were searching for a good quality multi-let office investment, well located in the West End of London. Through our market knowledge of buildings and ownerships, we identified 20 Soho Square as a potential off market purchase.

The building comprises of 59,145 sq ft of high quality offices, with ancillary retail space. Tenants included: Hill and Knowlton and Andrew Aldridge.

We secured the freehold interest for our client, off-market, at a price of £52,500,000 from IVG.

Click to enlarge Click to enlarge
20 Soho Square, London W1 - Click to enlarge >

Off Market Sale: 77-95 Victoria Street, London SW1

Freehold office and retail building located in a prominent position on the south side of Victoria Street. It was originally built as a residential building. Our client refurbished it in 2005.

We acted on behalf of a private client and sold the property, realising a significant profit.

The total size of the building is circa 52, 676 sq ft, over lower ground to seventh floors.

The offices were let to Avanta, with the lease expiry in June 2021. Retail tenants included: Alliance and Leicester and Pizza Express.

We sold the building on behalf of our client on an 'off-market' basis, for £25,700,000 to a Merrill Lynch.

Click to enlarge Click to enlarge
77-95 Victoria Street - Click to enlarge >

St Anne House, 20-26 Wellesley Road, Croydon

We were instructed by Invista to sell the freehold of St Anne House, located opposite the Whitgift Shopping Centre in Croydon.

The building comprises 73,234 sq ft of offices over Ground to 12th floors, let to the Government (Secretary of State for Transport, Local Government and the Regions) and Mott McDonald).

We sold the investment to Wichford for £15,250,000, realising a good profit for our client.

Click to enlarge Click to enlarge
St Anne House - Click to enlarge >

Warwick House, Kensington Village, London W8

The property is located within Kensington Village: a 4.2 acre site and is one of the seven buildings that form the campus.

The building comprises 79,617 sq ft of high specification offices with 45 car parking spaces. It is single let to DMB&B to March 2021.

We purchased the virtual freehold interest of Warwick House (which was marketed by the vendor on a ‘selective basis)’ on behalf of Mountgrange for £36,500,000.

Update: The building was subsequently sold for a profit

Click to enlarge Click to enlarge
Warwick House - Click to enlarge >

Stanley Green Retail Park, Cheadle, Manchester

Stanley Green Retail Park is located 9 miles south of Manchester and comprises 5 units totalling circa 91,500 sq ft organised in a linear terrace, which is anchored by a 45,000 sq ft B&Q. The park also includes Next, TK Maxx, Comet and Halfords.

The average unexpired leases were approximately 8 years at the date of purchase.

We purchased the property (which was marketed on a selective basis) on behalf of Henderson Global Investors (Herald Pan European Retail Fund) for £35,620,000 reflecting a net initial yield of 7%. Our client then sold the property for £47,000,000 within 12 months of purchase.

Click to enlarge Click to enlarge
Stanley Green Retail Park - Click to enlarge >

Gartmore House, 8 Fenchurch Place, London EC3

Gartmore House is located above Fenchurch Street Station in the heart of the City of London’s insurance district.

The office development was originally completed by Norwich Union in 1987 to a high quality specification. The accommodation is arranged over lower ground, ground and five upper floors.

The building was let to Gartmore Investment Management for a term expiring in September 2012.

We acted on behalf of PMB Holdings and purchased the property for £32,700,000.

Update: The building was marketed for £86,000,000 and has now been sold making a very significant profit

Click to enlarge Click to enlarge
Gartmore House - Click to enlarge >

147-155 Wardour Street, Soho, London W1

We were instructed to sell 147-155 Wardour Street on behalf of ING Real Estate.

The building comprises retail and offices totalling circa 27,500 sq ft arranged over lower ground to 5th floors.

Tenants include Hakkasan and The One Campaign.

The property was purchased by Threadneedle for £17,350,000, reflecting a net initial yield of 5.91%.

Click to enlarge Click to enlarge
147-155 Wardour Street - Click to enlarge >

Off Market Sale: 98 Theobald’s Road, London WC1

We acted on behalf of an overseas private investor and sold the freehold to Schroder Property Investment Management Ltd/WELPUT for £65,000,000 reflecting an initial yield of 5.9%.

The office building comprises circa 135,000 sq ft and is let in its entirety to Warner Bros Entertainment Ltd until September 2014 producing an annual rental income of around £3,861,000, approximately £29 per sq ft.

Click to enlarge Click to enlarge
98 Theobald’s Road - Click to enlarge >
Copyright © 2016 Everton Phillips LLP