Broadbent House, 64-65 Grosvenor Street, W1

Broadbent House, 64-65 Grosvenor Street, W1

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Broadbent House was originally acquired by Benchmark in 1998 as a 23,000 sq ft retail and multi-let office building. The asset later became a seed asset for WELPUT.

The team obtained planning permission for a 31,000 sq ft grade A office and retail development scheme behind a retained façade, utilising a split core and providing office floor plates with glazing on four sides. Rights of light agreements were signed with neighbours and a development agreement and headlease regear were agreed with the Grosvenor Estate.

Following completion of the works - which were delivered 4% below budget for £11.6 million – and a successful letting campaign which achieved rents of up to £110psf, the building was sold for £37 million in 2010.

Client: Benchmark PLC / WELPUT
Village: Mayfair & St. James’s
Tenure: Leasehold
Uses: Offices & Retail
Size: 35,000 sq ft (3,200 sq m)
Status: Completed and Sold
Completion: 2009
Freeholder: The Grosvenor Estate
Architect: ORMS
Broadbent House, 64-65 Grosvenor Street, W1
Broadbent House, 64-65 Grosvenor Street, W1
Broadbent House, 64-65 Grosvenor Street, W1
Broadbent House, 64-65 Grosvenor Street, W1
Broadbent House, 64-65 Grosvenor Street, W1
Broadbent House, 64-65 Grosvenor Street, W1
Broadbent House, 64-65 Grosvenor Street, W1
Broadbent House, 64-65 Grosvenor Street, W1
Broadbent House, 64-65 Grosvenor Street, W1
Broadbent House, 64-65 Grosvenor Street, W1
Broadbent House, 64-65 Grosvenor Street, W1
Broadbent House, 64-65 Grosvenor Street, W1

Location

Broadbent House, 64-65 Grosvenor Street, W1

Broadbent House, 64-65 Grosvenor Street, W1
W1K 3JH