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 Group
SFO is a London-based global real estate investor and manager with presence in Paris, Miami and Beirut. SFO focuses on investment opportunities which offer superior risk-adjusted returns and invests in high-quality assets, acquired at attractive valuations, with a clear path to value creation. SFO adopts disciplined investment strategies organized by asset classes and geographies. As of October 2020, SFO has acquired a diversified portfolio comprising more than USD1.2 billion in assets located primarily in the USA and Europe, including 4,800 apartments and more than 5.1 million sqft of commercial real estate under management.