RM Sotheby’s parks up in Richmond
Classic car auction house RM Sotheby’s has relocated its European headquarters from 39-42 New Bond Street to Richmond, TW9.
It has taken a 10-year lease over the entire 3,133 sq ft, Grade II listed three-storey townhouse at Heron Square, within the Richmond Riverside estate.
The recently refurbished property has been owned by Orchard Street Investment Management since 2014 on behalf of St James’s Place.
Classic car auction house RM Sotheby’s has relocated its European headquarters from 39-42 New Bond Street to Richmond, TW9.
It has taken a 10-year lease over the entire 3,133 sq ft, Grade II listed three-storey townhouse at Heron Square, within the Richmond Riverside estate.
The recently refurbished property has been owned by Orchard Street Investment Management since 2014 on behalf of St James’s Place.
Originally built in 1716, Heron House was previously redeveloped in the 1980s. It features a private garden overlooking the River Thames.
RM Sotheby’s will also be able to make use of the forecourt surrounding the building to display vehicles prior to auction.
RM Sotheby’s was established in 2015 after auction house Sotheby’s acquired a 25% stake in RM Auctions, part of RM Group. Sotheby’s is still located at 34-35 New Bond Street.
Greg Anderson, chief operating officer, Europe at RM Sotheby’s, said: “Heron House is a beautiful building with a grandeur and style that will complement the classic motor vehicles we plan to bring to auction and display in advance here.
“We look forward to making the most of our stunning new backdrop on the banks of the River Thames, as we continue to auction some of the world’s best investment-quality automobiles online amid the current pandemic.”
Vail Williams advised on the deal.
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