Grosvenor has sold the 125-year leasehold interest in 69 Grosvenor Street to a private investor for £35m.
Completed last year, 69 Grosvenor Street was transformed by Grosvenor into a 14,500 square feet Grade A office, designed in the style of a ‘boutique townhouse.’
Craig McWilliam, Executive Director, London Estate at Grosvenor Britain & Ireland said: “69 Grosvenor Street has been redeveloped in a way that retains its heritage features while delivering top-quality office space. We will recycle the capital from the sale, reinvesting it back into our London estate and enhancing its long-term appeal as a place to live, work and visit. The redevelopment of 69 Grosvenor Street is an example of Mayfair’s ability to evolve and grow, helping the West End’s global reputation.”
Details of the purchaser are confidential. Grosvenor will retain the freehold of 69 Grosvenor Street as part of its 300 acre London estate in Mayfair and Belgravia. The building is currently unoccupied and aims for a BREEAM environmental rating of ‘Excellent.’