Old Burlington St

Address31 Old Burlington Street, Mayfair, London W1
Size840 m2 / 9,043 sq. ft.
Acquisition Pricec.£30,000,000
Goldstone Main RolesAcquisition, Asset/Development Management, Planning, Leasing and Financing, Project Management
Responsibilities
  • Advise on the off-market acquisition of a west-end prime location Grade I listed office building c.£30m
  • Procure professional teams including 19 consultants and professionals
  • Secure two planning permissions: 1) residential conversion scheme; and 2) office with the residential ancillary scheme
  • Tender the contractor and manage the construction process
  • Arrange the development finance for the re-development project
  • Manage and oversee development project overall quality, costs and programming, carry out the risk control process to mitigate the potential uncertainties during the development period
  • Launch marketing campaign on leasing, quarterly report including commercial/financial and operational performance with market analysis
  • Confidentially under offer on a 15-year straight lease agreement with strong covenant global gallery operator, currently progressing with the legal procedure to complete the leasing deal.

Built in 1718, 31 Old Burlington Street is a Grade I listed, classic example
of early Georgian architecture. Designed by architect Colin Campbell for Lord Burlington, the original terrace of which it formed part of is often referred to architecturally as the prototype on which Georgian Mayfair was based.

Its subsequent ownership by a succession of courtiers, members of parliament, masons and antique furnishers, contributed to its rich architectural heritage.

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