PHOTO
London: Sidra Capital has announced the expansion of its UK real estate holdings with the acquisition of No. 4-5 Buckingham Gate located across from Buckingham Palace in the heart of St. James Park. The 33,000 sq ft corner freehold property is the closest commercial office space to Buckingham Palace in a neighborhood that has increasingly attracted a number of high-end and prestigious office, retail, fashion and media brands.
“This constitutes a strategic move from Core to Value Add for Sidra Capital,” said Sidra Chairman Hani Baothman, “We remain confident about the commercial office sector as London continues to be a key investment destination for domestic and overseas capital due to its transparent and competitive market, established legal system, excellent growth prospects and attractive income yields in comparison to other asset classes.”
Also, in line with its successful strategy of purchasing and upgrading properties to increase their value, Sidra Capital is committed to refurbishing No. 4-5 Buckingham Gate to a CAT A standard befitting the location. It is one more example of Sidra’s expansion into prime Value Add investments and comes on the heels of the investment company’s 2020 purchase of 7 Hertford Street in Mayfair. That property recently received permission to expand to 11,000 sq ft.
Once home to London’s Metropolitan Police Authority and the forces that provided protection to the Palace and the Queen, the property enjoys a number of permitted change uses, a flexibility that will ultimately serve to increase its value.
Originally designed by renowned architect Sir James Pennethorne in 1850, this listed façade fronting a newly developed rear is a landmark asset facing Buckingham Palace and complimenting its historical significance. It can also count as neighbors to some of London’s best restaurants and hotels including The Grosvenor Hotel, Hotel 41, The Goring Hotel, Caxton Grill, and Osteria Dell’Angolo.
-Ends-
For further information, please contact:
Majd Sayyaf
Head of PR and Marketing
Sidra Capital
Email: msayyaf@sidracap.com
© Press Release 2021
Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.
The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.
To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.
