SFO launches the development of a GBP 65mn residential scheme in Victoria, London
SFO has acquired a freehold and consented residential scheme development in Victoria, London. The project has planning permission for the development of 31 luxury units for a total gross development value of GBP65mn.
This boutique development is located in a quiet neighborhood in Victoria within walking distance of Victoria Station, Buckingham Palace and London’s most exclusive districts such as Belgravia, Knightsbridge, and St James. The project benefits from the GBP4bn regeneration of Victoria’s infrastructure that will establish it as one of the most vibrant locations to work, live and visit in London.
Commenting on the transaction, Mohamad Abouchalbak, CEO of SFO, said: “London is the financial center of Europe and an international pole for wealth, culture and education. Investors will always see prime central London properties as a safe haven to preserve wealth with the potential for long-term capital appreciation.
Victoria is particularly appealing in terms of location as it is strategically situated at the center of London’s most expensive residential addresses while still trading at attractive discounts compared to its neighbors”.
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 June 2023, SFO Capital Partners has acquired a diversified portfolio comprising more than $2.2 billion in assets located primarily in the USA and Europe, including 7,000 apartments and more than 9.6 million square feet of commercial real estate under management.