6 Duke Street, St. James, Mayfair, London acquisition completed at 25% discount to asking price

Darin Partners is very pleased to have completed the acquisition of 6 Duke Street, St James’s, London from Abrdn for £62.5 million, a discount of almost 25% from the June asking price.

The 35,000 sq. ft. prime St James’s freehold, comprises 27,300 sq. ft. office space and 7,700 sq.
ft. of leisure and gallery accommodation, multi-let to a number of high-quality tenants. The 4th-floor office, totalling 4,400 sq. ft., is currently vacant and will undergo a full Cat A
refurbishment over the next few months, in order to be re-launched back to the market in the
summer as prime Grade A space.

Our team believes that 6 Duke Street presented an attractive opportunity to acquire a prime St
James’s freehold at a very sensible capital value of less than £1,800 per sq. ft. with low average
rents of £92.50 per sq. ft.
Having acquired the asset for long-term capital appreciation, we are now focused on driving
value from the asset, through active asset management.

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