Disposal of the Haymarket building, London (UK)

The administrators of Rock Group are delighted to confirm the sale of a prestigious Grade II-listed building in Haymarket, London by the Directors of Rock JV (Number 2) Limited to a client of Cheval Properties for an undisclosed figure. Rock JV (Number 2) purchased the building in 2007.

NR5268 Haymarket

The Grade II-listed building is located in London's West End.

Peter Spratt, Partner and joint administrator at PwC explained: "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.

"We believe the sale reflects continued demand for quality assets within good locations, in particular those which have potential for enhanced value through redevelopment."

The selling agent was Jones Lang LaSalle.

Source: Jones Lang LaSalle

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