Bourne Capital is looking to sell a stake in its £300m Queensway Estate in Bayswater, W2.
The family owned investor is looking at offloading up to 49% of the 163,719 sq ft estate after receiving several offers from Asian investors, which valued a stake in the estate at in excess of £155m.
Bourne Capital has been in discussions with Westminster City Council over regeneration proposals for the estate, including the reconfiguration and refurbishment of retail units, which make up 41% of the estate and three new residential buildings housing 63 luxury homes, as well as two office developments to provide more than 52,000 sq ft of workspace.
