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.

READ MORE

Latest News

21st August 2023
Asset management mandate for UK wide portfolio across multiple asset classes
READ MORE
14th June 2023
Verisure Headquarters, Newcastle acquisition completed
READ MORE
24th January 2023
National Crime Agency (NCA) Office Campus, Warrington acquisition completed
READ MORE
28th December 2022
6 Duke Street, St. James, Mayfair, London acquisition completed at 25% discount to asking price
READ MORE
4th February 2022
Vanguard House, Leeds acquisition completed
READ MORE
22nd November 2021
B&Q Castleford
B&Q retail warehouse, Castleford investment sale completed
READ MORE
8th August 2021
BMW Sytner Dealership
BMW Sytner dealership, Nottingham acquisition completed
READ MORE
15th May 2021
Standard House Essex Street
Standard House, London off market purchase completed
READ MORE
4th January 2021
Stockley Park
Stockley Park office acquisition completed
READ MORE
21st August 2019
Scottish Gas HQ
Acquisition completed on Scottish Gas HQ office, Edinburgh
READ MORE
10th June 2019
179-191 Borough High Street, London
Acquisition completed on 179-191 Borough High Street, London
READ MORE
6th June 2019
Southbank Offices Cathedral Street
South Bank offices acquired for combined £82m
READ MORE
15th October 2018
1 Atlantic Quay
Acquisition completed on 1 Atlantic Quay, Glasgow
READ MORE
11th August 2018
Prince Abdullah bin Mosa’ad bin Abdul Aziz Al Sa’ud
New Darin Partners shareholder and board member announced
READ MORE