CPI Property Group (CPIPG) has acquired 27 Savile Row in Mayfair from the mayor of London. Recently decommissioned as London’s West End Central Police Station, 27 Savile Row has been acquired as a development opportunity and will be vacant on possession. Located near Bond Street station, 27 Savile Row provides over 60,000ft² of space over nine levels. CPI is exploring a variety of options to create office, residential or a mixed-use scheme in line with the building’s heritage and prime location.
This acquisition continues CPI’s highly selective approach to investing in the UK alongside its broader European portfolio valued at more than €10bn which is primarily focused on offices, followed by retail, residential and hotels.
David Greenbaum, CFO of CPI Property Group said: “27 Savile Row is an iconic asset in London’s Mayfair that offers superb long-term value.”
