29   April,   2016

DTZ Investors launch sale of 65 Curzon Street, Mayfair

DTZ Investors have instructed Colliers and Savills jointly to market the freehold interest in 65 Curzon Street, Mayfair W1 for a quoting price of £80,000,000.

The property is prominently located on Curzon Street with a dual frontage to Stratton Street providing views to both Berkeley Square and Green Park. The existing building comprises 40,249 sq ft (NIA) of offices with vacant possession achievable in 2017 when the property can be repositioned as either prime offices or residential apartments within the core Mayfair markets for these uses.

On 26 January 2016 Westminster City Council made a resolution to grant planning permission for comprehensive redevelopment to provide up to 32 residential apartments with 21 car spaces on the site and the creation of a ground floor retail arcade that will link Stratton Street directly to Curzon Street to provide a mix of restaurants and retail units.

The alternative opportunity of prime offices is equally compelling for some prospective purchasers and DTZ Investors have commissioned Pilbrow and Partners architects to produce massing and design studies that support a new office led mixed use scheme of up to 52,250 sq ft (NIA) on the site.

The property has been selectively marketed in April and has received a very keen level of interest from a mixture of overseas and UK based investors and developers.