SFO acquires a prime commercial development in the heart of Mayfair, London
SFO announces the acquisition of a rare freehold interest for the redevelopment of a prime office building in the heart of Mayfair, London.
The property is located on Farm Street, adjacent to the world renowned Berkeley Square, one of the most prestigious office locations in the world, home to the elite finance community and featuring London’s finest retailers, restaurants and hotels.
The redevelopment plan consists of transforming the current property into a modern grade A office building which will be designed by internationally acclaimed PLP Architecture. The newly developed site will be ideal to accommodate a single or multiple tenants, offering a unique and flexible workspace featuring state of the art amenities while preserving the Mayfair heritage.
Commenting on the transaction, Mohamad Abouchalbak, CEO of SFO said: “We are excited to have acquired this rare and fantastic scheme in Mayfair, which illustrates our focus on prime commercial assets in superior and well established locations in Europe. With an expected 24 to 36 months to delivery, the asset will be ideally positioned to capture post-Brexit and COVID-19 pent-up demand”.
About SFO Capital Partners: SFO Capital Partners is a London-based global real estate investor and investment manager, committed to achieving superior risk-adjusted returns and focused on establishing and maintaining long-term relationships with its global clients and partners. SFO Capital Partners applies its global mindset, in-depth sector experience and local knowledge to unlock international real estate investment projects in Europe and the USA across a select range of investment strategies including income-generating, value-add and development schemes. As of December 2022, SFO Capital Partners has acquired a diversified portfolio comprising more than $2.1 billion in assets located primarily in the USA and Europe, including 7,000 apartments and more than 9 million square feet of commercial real estate under management.