CPI Property Group (CPIPG) has joined forces with London property expert Dean Main to acquire 27 Savile Row in London’s Mayfair from the mayor of London.
Recently decommissioned as London’s West End Central Police Station, 27 Savile Row has been acquired as a development opportunity and will be vacant on possession.
Located near Bond Street station, 27 Savile Row provides over 60,000 sq ft (5,574 m2) of space over nine levels. CPI is exploring a variety of options to create office, residential or a mixed-use scheme.
David Greenbaum, CFO of CPI Property Group said: ‘27 Savile Row is an iconic asset in London’s Mayfair that offers superb long-term value.’
The group, which owns over €10 bn of offices, retail, residential and hotels across Europe, currently owns over £200 mln of UK assets including residential properties in Hampstead, St. John’s Wood, Mayfair, Notting Hill and other prime locations in London.
Michael Elliott advised CPI.
