Country for PR: United States
Contributor: PR Newswire New York
Wednesday, December 15 2021 - 01:07
AsiaNet
Warwick adds Mayfair gem to London multi-family portfolio
LONDON, Dec. 15, 2021 /PRNewswire-AsiaNet/ --

Warwick Investment Group has acquired a historic and rare multi-family building 
at 13/13a North Audley Street in London's Mayfair district. This purchase 
follows Warwick's recent acquisition of nine single family houses in Belgravia 
earlier this year.

Photo - https://mma.prnewswire.com/media/1707860/Audley_photo.jpg

Logo - https://mma.prnewswire.com/media/897718/Warwick_Group_Logo.jpg

 
The Mayfair asset, an unlisted building in a historical preservation area, was 
purchased in an off-market and privately negotiated transaction directly with 
the vendor by Warwick's London team.


The purchase of the North Audley Street property is the firm's second purchase 
in three months targeting core assets in prime locations with value-add 
potential. Warwick has already commenced design work to optimize the building 
for long term repositioning. 


Located in northern Mayfair between Grosvenor Square and Oxford Street, the 
majority of the units benefit from outdoor space and have direct views towards 
Hyde Park.


Warwick is proactively consolidating residential assets across central London 
under its emerging rental brand with a goal of becoming a top 10 private 
landlord in the capital.


Andrew Chrysostomou, UK Senior Managing Director:


This purchase is a strong complement to our portfolio in terms of location and 
value add optionality. We are now key landlords in both the Mayfair and 
Belgravia districts of central London.


Kate Richard, Founder and CEO:


The North Audley street asset is rich in Anglo-American history and we look 
forward to repositioning the asset to capture the increase in rental demand 
across London under our in-house rental brand.




CONTACT: LON@warwickinvestmentgroup.com

SOURCE Warwick Investment Group
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