Martin’s Properties has acquired 109 Kings Road Chelsea for £3.2m.
Martin’s Properties latest investment at 109 King’s Road comprises 2 prime retail units totalling 3,945 sq ft.
Brook Stotesbury, Commercial Asset Manager, Martin’s Properties commented: “The investment into 109 King’s Road is a strategic acquisition that will increase the wider Group holding at 105-107 King’s Road and 111-115 King’s Road and enabling greater future control of the block for wider redevelopment and marriage value.”
Richard Bourne, Managing Director, Martin’s Properties said: “The last year has been a great challenge for many of our Chelsea customers. We remain committed to working with them to ensure they remain committed to the King's Road – ensuring we maintain a vibrant, diverse experience for the consumer.
“Whilst we continue to look for investment outside of Central London as part of our wider strategy, the acquisition of 109 King’s Road represents an opportunity for our team to strengthen and add value to our core Chelsea portfolio. It also demonstrates our commitment to the area and in particular our belief in the future of the King’s Road as a popular retail destination.”
David Coffer Lyons and Savills advised Martin’s Properties.