Sidra Capital has purchased No. 4-5 Buckingham Gate property located across from Buckingham Palace in the heart of St. James Park. The 33,000ft² corner freehold property is the closest commercial office space to Buckingham Palace in a neighbourhood that has increasingly attracted a number of high-end and prestigious office, retail, fashion and media brands.
“This constitutes a strategic move from Core to Value Add for Sidra Capital,” said Sidra Chairman Hani Baothman. “We remain confident about the commercial office sector as London continues to be a key investment destination for domestic and overseas capital due to its transparent and competitive market, established legal system, excellent growth prospects and attractive income yields in comparison to other asset classes.”
Sidra Capital is committed to refurbishing No. 4-5 Buckingham Gate to a CAT A standard befitting the location. It is one more example of Sidra’s expansion into prime Value Add investments and comes on the heels of the investment company’s 2020 purchase of 7 Hertford Street in Mayfair. That property recently received permission to expand to 11,000ft².