4/5 Princes Gate, SW7

4/5 Princes Gate, SW7

All Properties

4-5 Princes Gate was purchased by Benchmark for £10 million in 1995. It later became a seed asset for WELPUT.

The team secured vacant possession from various tenants, upgraded the common parts, reconfigured the core to increase the lettable area and re-let or re-geared leases to create a block date for conversion to residential. 

A professional team was appointed in 2007 to undertake a viability study which established that a residential building of up to 50,000 sq ft was achievable. This promoted the decision to market the property as a residential development opportunity, leading to a sale in 2008 for £59 million.

Client: Benchmark / WELPUT
Village: Kensington
Tenure: Freehold
Uses: Offices
Size: 30,000 sq ft (2,800 sq m)
Status: Sold

Location

4/5 Princes Gate, SW7

4/5 Princes Gate, SW7
SW7 1QJ