Grosvenor bags investment firms for Mayfair prelets
Grosvenor is nearing deals on two prelets across five floors of its landmark office development at 65 Davies Street, W1.
It is understood that US private equity firm TA Associates will take the top three floors of the seven-storey scheme for its new UK headquarters, totalling 30,638 sq ft of offices and 3,605 sq ft of terraces. The space is under offer at a rent of around £200 per sq ft, according to market sources.
In a separate deal, European alternative asset management firm Hayfin Capital Management is set to take 23,571 sq ft of offices and 290 sq ft of terraces on the second and third floors of the building.
Grosvenor is nearing deals on two prelets across five floors of its landmark office development at 65 Davies Street, W1.
It is understood that US private equity firm TA Associates will take the top three floors of the seven-storey scheme for its new UK headquarters, totalling 30,638 sq ft of offices and 3,605 sq ft of terraces. The space is under offer at a rent of around £200 per sq ft, according to market sources.
In a separate deal, European alternative asset management firm Hayfin Capital Management is set to take 23,571 sq ft of offices and 290 sq ft of terraces on the second and third floors of the building.
The landmark development, in the heart of Mayfair, totals 67,568 sq ft of offices and is due to complete in September 2023.
Located above the Elizabeth Line’s Bond Street station western ticket hall, headline rents at the site are expected to be in the region of £180 per sq ft, depending on the floor.
The building, which is targeting BREEAM Excellent and WiredScore Platinum ratings, will offer shower facilities on every floor and terraces on the upper levels.
Knight Frank and JLL are advising Grosvenor; CBRE is representing Hayfin.
All parties declined to comment.
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Image © Grosvenor
