Meyer Bergman has confirmed the acquisition of Bond Street House on what it described as a 'prized stretch of London’s premier luxury shopping street'.
Meyer Bergman has confirmed the acquisition of Bond Street House on what it described as a 'prized stretch of London’s premier luxury shopping street'.
The European investment manager specialising in retail property paid £110 mln (€135 mln) to buy the asset from a a fund managed by BNP Paribas Real Estate Investment Management Germany.
Meyer Bergman acquired the 5,000 m2 property on New Bond Street for its second value-add fund, Meyer Bergman European Retail Partners II (MBERP II). Watchmaker Patek Philippe, jeweller Georg Jenson and bespoke Italian tailor Kiton occupy units on the property’s ground and basement levels, while the upper floors are leased as offices. The building is located at the intersection of New and Old Bond Streets, where the flagship stores of Chanel, Dior, Hermes and LVMH are clustered.
Michael Elliott and Lunson Mitchenall advised Meyer Bergman on the commercial aspect of the transaction and Jones Day on the legal aspects. BNP Paribas Real Estate in London advised the vendor.
