Buildington
Open database of new property developments & buildings in London, UK.
Mortimer House

Mortimer House

June 2012
Mortimer House entrance on Mortimer Street.

Mortimer House entrance on Mortimer Street.

June 2012
Mortimer House

Mortimer House

June 2012

Mortimer House

Address:
37-41 Mortimer Street, London W1T 3JH
Type:
Commercial
Area:
31,200 sq ft
Offices:
1
Viewed:
9097

Description of Mortimer House

Mortimer House is a commercial building in London W1.

The office property, extending to circa 23,800 sq. ft. net internal area (31,200 sq. ft. gross internal area) benefits from consent for a triple B1/A1/A3 use on the ground and basement floors.

2016 April - Great Portland Estates sells Mortimer House to Guy Ivesha for £26.95 million. The 23,800 sq ft office property was vacant and had the necessary planning consents to undertake a comprehensive refurbishment. However, as a consequence of the strong demand at the time for vacant refurbishment opportunities, it made financial sense to sell the property and secure profit. The sale completed in June 2016.

Connected Companies

News: (2)

Great Portland Estates plc has exchanged contracts to sell Mortimer House, 37/41 Mortimer Street for a price of £26.95 million.

The office property, extending to circa 23,800 sq. ft. net internal area (31,200 sq. ft. gross internal area) is currently vacant, and benefits from consent for a triple B1/A1/A3 use on the ground and basement floors.

The buyer is a new vehicle set up by hotelier Guy Ivesha, in joint venture with Cain Hoy and other private investors, who plan to operate a premium work and lifestyle concept with a strong emphasis on hospitality.

Hugh Morgan, Head of Investment Management at GPE said "we had the necessary consents in place to undertake a comprehensive refurbishment of Mortimer House in a supply constrained West End occupational market. However, as a consequence of strong demand for vacant refurbishment opportunities, it made sense to sell Mortimer House now and invest the proceeds for higher returns in our exceptional development programme.”

Source: GPE gpe.co.uk 29.05.2016

14/05/2016 17:41 by Buildington

New on Buildington!

09/06/2012 22:39 by Buildington

*DISCLAIMER! Information on this page is for guidance only and remains subject to change. Buildington does not sell or let this property. For more information about this property please register your interest on the original website or get in touch with the Connected Companies.

New London developments on Buildington - monthly update

Buildings