Burlington Arcade

Mayfair W1J
Commercial

Key Details

Address
51 Piccadilly, London W1J 0BD
Completion
1819

Overview

Burlington Arcade is a commercial building in Mayfair, London W1.

Burlington Arcade opened in 1819 and currently has ca. 37,000 sq ft of retail space and a combined frontage of over 1,100 ft. The arcade attracts over four million visitors a year.

The Britain's first shopping arcade was designed by Samuel Ward.

Tenants

In 2018 the tenants include Chanel, swim and lingerie label Erees, watchmaker Bell & Ross, milliner Maison Michael, Ladurée, Vilebrequin, Lulu Guinness, Church’s and La Perla.

History

2018 May - Savills, acting on behalf of Thor Equities and Meyer Bergman, sells London’s Burlington Arcade, Mayfair to a private investor for circa £300 million reflecting a net initial yield in the order of 3.25%. Savills was jointly instructed with Michael Elliot.

2010 - Burlington Arcade was bought for £104 million by property investor Joseph Sitt and property investment firm Meyer Bergman.

Meyer Bergman European Retail Partners and joint venture partner Thor Equities acquired the building in October 2010. It worked closely to enhance the attractiveness of the Grade II listed building while respecting the integrity of its heritage. This enabled Meyer Bergman to attract an exciting new mix of brands. During the fund’s ownership, the rental income more than doubled and improved in quality.

2011 - Maximum rents £600 per sq ft. In 2005 the rent was £275 per sq ft. Source: Telegraph.co.uk

Site & Location

Transport

TUBE
Green Park Underground StationJubilee, Piccadilly, Victoria
BUS
Old Bond Street / Royal Academy - 1 min. walking / 41 metres14, 19, 38, 6, 9, N19, N38, N9, N97

Team

Company
Type
Year
Retail Agent
2021
Retail Agent

Timeline

News, events, milestones and offers from the new development
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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.