Prince Frederick House, London W1
Cyril Leonard were appointed by a private client to
asset manage, refurbish and then subsequently dispose of this prime central
The property is located on Maddox Street, in
Mayfair and provides c. 20,000 sq ft of office accommodation over ground to fourth
floors with ground and lower ground floor retail and restaurant space.
Cyril Leonard undertook an extensive refurbishment
of the office accommodation led by our Project & Building Consultancy team and also
undertook asset management of the property. The offices were subsequently let
by Cyril Leonard's office agency team and the building was subsequently disposed
by the Investment department for a price of c. £20 million reflecting a net
initial yield of 4%.
By providing the client with a full-service offering
the client was able to exit the property ahead of expectations in terms of
timing but also financial commitment.