London Investment Properties Track Record
28 St George Street, W1
January 30, 2023
VALUE
£62,450,000 / £2,740 per sq ft
AREA
22,796 sq ft
PURCHASER
Lazari
VENDOR
Wolfe Property Services Ltd
CBRE’S ROLE
Acquisition
DESCRIPTION
CBRE advised the Lazari family on the acquisition of this prime Mayfair refurbishment opportunity. The property was discreetly marketed and CBRE was able to successfully able to secure the asset for our client ahead of the competition.
The property has been occupied by Providence Equity as their HQ since it was completed in 2007. Once the tenant vacates in 2023, this will provide Lazari the opportunity to reposition the building and deliver a best-in-class scheme.
Charles Howard, head of portfolio at Lazari said “We have great confidence in the West End office market and so 28 St George Street was a natural fit for us – a prominent corner building with good bones, adjacent to the newly completed Hanover Square and the benefits of Crossrail.”
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Contacts
Ed Bradley
Executive Director
Freddie Morris
Associate Director
Capital Markets
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