Alternative asset management firm Hayfin has taken 22,947 sq ft at Grosvenor's 65 Davies Street in Mayfair, becoming the first confirmed tenant at the development.

Hayfin has taken the fourth and fifth floors at the 65,000 sq ft development and in line with Grosvenor’s sustainability commitments, both parties have agreed to green lease provisions.

This brings the total of Grosvenor’s onsite developments pre-let to over 50%. This news comes after a string of successful leasing deals, including Javelin Global Commodities at the Ice Factory in Belgravia, and several renowned designers securing spaces at Newson's Yard, an upgraded timber works and addition to the Pimlico Design District.

Set to complete in 2023, 65 Davies Street is located directly above the western concourse of the new Bond Street Elizabeth Line station next to Oxford Street, and is one of the best-connected offices in London.

Designed by PLP Architecture, the 6-storey building features a public art installation by Clare Twomey and a green trellis installation on the south façade, with local species of wildflowers selected to enhance biodiversity. The building uses a contextually relevant material palette of terracotta, stone and bronze and is fenestrated with large full-height windows.

Grosvenor is working with partners to invest £1.3bn across Mayfair and Belgravia over the next 10 years, with 14 major projects and 1m sq ft. of redevelopment already underway. This includes South Molton Triangle, a 2-acre mixed-use £500m project being partly developed in a Joint Venture with Mitsui Fudosan UK and Grosvenor’s transformation of Grosvenor Square, London’s second largest square. 

Anna Bond, Executive Director – Development at Grosvenor Property UK said: “We’re delighted to secure Hayfin as our first occupier of 65 Davies Street. The recent opening of the Bond Street Elizabeth Line immediately below 65 Davies Street has really highlighted the exciting transformation happening in Mayfair.”

“Confirming this so far in advance of the building completing later this year, plus having 50% of our development pipeline pre-let is a positive endorsement of how successfully we are adapting our portfolio to meet the needs of modern occupiers, creating high quality space in excellent locations with great amenities.”

Knight Frank & JLL acted for Grosvenor, Hayfin were advised by CBRE.

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