Wed, 09 Mar 2011 | BUSINESS SALE
The former headquarters of high-end fashion label Burberry has been sold out of administration for £20 million.
The Grade II listed commercial property – based in London's Haymarket, was previously jointly owned by HBOS - now part of Lloyds Banking Group – and the entrepreneur Paul Kemsley. The partnership was put into administration in 2008, with PricewaterhouseCoopers (PwC) acting as administrators.
Partner and joint administrator at PwC, Peter Spratt, who, alongside Jones Lang LaSalle, handled the sale of the building to new owners Cheval Properties, said, “In an international real estate market starved of good quality stock, the Haymarket building offers the rare combination of a vacant freehold property benefiting from fantastic development potential, located within the West End of London.
“This is only the second time the property has been sold in 100 years and has attracted a significant level of interest both in the UK and abroad, particularly as it lends itself to so many different uses from a luxury boutique hotel to high end retail or residential accommodation,” he added.
Mr Spratt went on to say that he believed that the sale proved that there was continued strong demand for quality assets in prime locations.
A leading dental practice situated in the heart of London, providing exceptional dental care in a comfortable and welcoming environment.
LEASEHOLD
A leading internet-based provider of customisable and curated beauty box services. Over the last decade, the business has evolved from a premier subscription service to a leading internet-based provider of highly attractive and rapidly expanding beau...
WEB-BASED
Discover a leading innovator in data centre solutions, recognised as a top supplier both in the UK and internationally, with a robust consultancy arm contributing to a growing turnover.
26
|
Jun
|
Building maintenance and repair firm targeting expansion after acquisition | DIVISION SALE
A North Yorkshire-based company that provides maintenance an...
26
|
Jun
|
Fairstone adds 100th firm to Downstream Buy-Out model | BUSINESS SALE
Wealth management firm Fairstone has added the 100th firm to...
26
|
Jun
|
Offers around £5m sought as luxury holiday lodges brought to market | COMMERCIAL PROPERTY
More than 30 luxury holiday lodges at Belton Woods Hotel, Sp...
Business Sale Report is the complete resource for finding genuine acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.