Share: Share on Facebook Share on Twitter Share on LinkedIn I recommend visiting cushmanwakefield.com to read:%0A%0A {0} %0A%0A {1}

Cushman & Wakefield Launches Sale Of 21 Grosvenor Place, SW1

26/09/2022

London 26 Sep 2022 – Cushman & Wakefield, acting on behalf of MEAG, has launched the sale of 21 Grosvenor Place to the market, a unique refurbishment opportunity in the West End providing an owner with the potential to capture the current strong demand for best-in-class offices, healthcare and alternative use sectors. 

21 GRosvenor PlaceThe property currently comprises 57,329 square feet (NIA) of office and retail accommodation arranged over lower ground, ground and five upper floors. The block date in December 2023 offers an exceptional opportunity to comprehensively refurbish 21 Grosvenor Place, with feasibility studies demonstrating the potential to increase massing by up to 20,599 sq ft (GIA) and improve the amenity offer throughout the building including the creation of terraces on the 3rd to 5th floors, and a new 6th floor with a wraparound terrace. 
 
A medical and healthcare use is currently supported within the headlease, with the recent development of a private hospital at 33 Grosvenor Place and the ongoing development of the Peninsular Hotel at 1 Grosvenor Place further supporting this repositioning.  
Miles Payne, from Cushman & Wakefield’s London Offices team, said: “The West End’s property market continues to experience strong leasing activity, driven by high demand for both office and alternative sector space and recorded the highest volumes for the first half of a year since 2006. Against that backdrop, 21 Grosvenor Street is one of the most exciting sites to come to market this year. It offers prospective investors an opportunity to capture significant rental uplift following refurbishment or occupancy repositioning. We anticipate significant interest across both geographies and sectors.”  
Cushman & Wakefield is a leading investment advisor in the Central London capital markets, having advised on £3.8 billion worth of transactions in the first eight months of 2022. 

 

About Cushman & Wakefield 

Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with approximately 50,000 employees in over 400 offices and approximately 60 countries. In 2021, the firm had revenue of $9.4 billion across core services of property, facilities and project management, leasing, capital markets, and valuation and other services. To learn more, visit www.cushmanwakefield.com or follow @CushWake External Link on Twitter.

MEDIA CONTACT

Richard Coleman, Head of Communications EMEA
Richard Coleman

Head of EMEA Communications • London

Related Services

Healthcare
Our Healthcare clients have a unique advantage: a global network of experts that optimize portfolios to better support their healthcare missions and business objectives.
Learn More
Life Sciences Real Estate Services
We help life science companies create flexible real estate strategies to attract and retain top talent, while managing efficiency and costs.
Learn More
Sustainability
Climate change and limited natural resources mean that the traditional approaches of the property sector need to change radically.
Learn More

What's new

European Grade A Office Availability Ratio Declines As Occupiers Focus On Best in Class Space
European Grade A Office Availability Ratio Declines As Occupiers Focus On Best in Class Space

Availability of Grade A space demanded by occupiers remains low and below 2% of total office stock in many key markets.

18/11/2022

istockphoto-idea
GSK Completes Sale Of Strategic Life Sciences Development Site

Real estate services firm Cushman & Wakefield has advised GSK plc on the sale of the surplus development land that sits alongside its 1 million sq ft Research & Development (R&D) facility in Stevenage to UBS Asset Management and Reef Group. 

11/11/2022

CAN'T FIND WHAT YOU'RE LOOKING FOR?

Get in touch with one of our professionals.
With your permission we and our partners would like to use cookies in order to access and record information and process personal data, such as unique identifiers and standard information sent by a device to ensure our website performs as expected, to develop and improve our products, and for advertising and insight purposes.

Alternatively click on More Options and select your preferences before providing or refusing consent. Some processing of your personal data may not require your consent, but you have a right to object to such processing.

You can change your preferences at any time by returning to this site or clicking on Cookies.
MORE OPTIONS
Agree and Close
These cookies ensure that our website performs as expected,for example website traffic load is balanced across our servers to prevent our website from crashing during particularly high usage.
These cookies allow our website to remember choices you make (such as your user name, language or the region you are in) and provide enhanced features. These cookies do not gather any information about you that could be used for advertising or remember where you have been on the internet.
These cookies allow us to work with our marketing partners to understand which ads or links you have clicked on before arriving on our website or to help us make our advertising more relevant to you.
Agree All
Reject All
SAVE SETTINGS