Evans Randall, the privately held UK investment banking and private equity group, has completed the sale of its 15 Sackville Street asset in Mayfair, London, to a private investor, for over £80 mln (€102 mln).
Evans Randall, the privately held UK investment banking and private equity group, has completed the sale of its 15 Sackville Street asset in Mayfair, London, to a private investor, for over £80 mln (€102 mln).
There was strong competition among investors for the asset from a broad range of investors that sought to secure the 3,160 m2 Mayfair freehold, following its full letting in the spring.
15 Sackville Street, which is let to a collection of luxury services tenants, including jet maker Gulfstream Aerospace, yacht broker Camper & Nicholsons and Four Seasons Hotel Group, was marketed by CBRE.
Evans Randall purchased 15 Sackville Street last year from Mitsui & Co for £60 mln when the majority of the building was vacant.
The buyer was represented and advised by Noureen Investment and Goldenberg Real Estate.
Kent Gardner, CEO of Evans Randall said: 'This sale signifies the culmination of our robust asset management strategy to attract high-calibre occupiers to this prime Mayfair freehold, resulting in substantial investor interest. Through this deal we have again demonstrated our ability to unlock value in prime assets for ourselves and our co-investors.'