16/17 Connaught Place, W2All Properties
16-17 Connaught Place was acquired in 2005 on behalf of WELPUT for £48 million. At purchase, the building was multi-let and was in a relatively run-down condition.
Grafton Advisors obtained vacant possession of No 16 and carried out a £5.2 million refurbishment with the majority of the space pre-let prior to completion. During the GFC, the leases of No 17 were extended and temporary tenants were found where necessary, prior to a £5.0 million refurbishment and landscaping works in 2013/2014.
Following a successful marketing campaign, the property was fully re-let. The building was sold soon after in 2015 for £109 million.
|Size:||83,000 sq ft (7,700 sq m)|
|Architect:||Griffiths Design Associates|
16/17 Connaught Place, W2