Melrose House, 5 Savile Row, W1

Melrose House, 5 Savile Row, W1

All Properties

A medium term leasehold interest in Melrose House was purchased in 2002 by Benchmark PLC.

The team secured planning permission for a new build scheme providing 5,000 sq ft of retail and 33,000 sq ft of Grade A Office space. Vacant possession was then secured within the capex allowance. A Development Agreement was negotiated with the freeholder, The Pollen Estate, together with a new head lease.

The finished development – which is landlocked on three sides - was delivered in 2006. The building was successfully let within a 9-month period achieving the highest West End market rent (in excess of £90psf) at the time on four floors.

The property was sold for over £50 million in 2007.

Client: Benchmark PLC
Village: Mayfair & St. James’s
Tenure: Long Leasehold
Uses: Offices & Retail
Size: 38,000 sq ft (3,500 sq m)
Status: Completed and Sold
Completion: 2006
Freeholder: The Pollen Estate
Architect: Squire & Partners
Melrose House, 5 Savile Row, W1
Melrose House, 5 Savile Row, W1
Melrose House, 5 Savile Row, W1
Melrose House, 5 Savile Row, W1
Melrose House, 5 Savile Row, W1

Location

Melrose House, 5 Savile Row, W1

Melrose House, 5 Savile Row, W1
W1S 3PD