Crystallising profits

Recycling capital following a well timed purchase, restructuring of the ownership, repositioning and letting of the space.

Held in joint venture with Liverpool Victoria Friendly Society, 208/222 Regent Street, W1 is an excellent example of the crystallisation of profits from investment and asset management. After purchase we worked with the freeholder, The Crown Estate, to restructure our headlease. This then enabled us to reconfigure the building to suit retailer demand in this improving street and create an institutional grade asset. The three new flagship stores were let during the construction period and we concluded the sale of this iconic building during the financial year for £96.6 million giving a post tax return of 46%.

Investment Management

Building case study:
  • 208/222 Regent Street, W1

Bought £53.7m Premium paid Retail areas vacated and three new shops createdRetail areas vacated and three new shops createdFully let

Ben Chambers Investment Manager

“This was one of the few buildings we purchased in open competition, seeing inherent value in the pitch and an opportunity to significantly improve the asset. The finished product was sold at a premium yield of 4.3%.”

Ben Chambers Investment Manager