
Melrose House, 5 Savile Row, W1
All PropertiesA 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 |





Location

Melrose House, 5 Savile Row, W1
W1S 3PD