South Kensington Sale!
We are pleased to announce the successful sale of a prime 24,000 sq ft mixed-use investment in the heart of South Kensington to a Japanese investor, reaffirming the continued strength of international demand for high-quality central London assets.
The portfolio comprises 10 adjoining buildings on Kendrick and Reece Mews — a traditional cobbled mews known for its architectural character and cultural heritage. The area has attracted creative and influential figures; notably, the celebrated artist Francis Bacon lived and worked in Reece Mews for over 30 years, producing many of his most renowned paintings from his studio there.
The site also benefits from planning consent for a comprehensive 42,000 sq ft redevelopment, significantly enhancing its long-term potential.
Deal Highlights
- Vendor: Private family office
- Purchaser: Japanese investor
- Holding intention: Short to medium term
- Purchase price: £15.1 million
- Net yield: Approximately 5%
This transaction demonstrates sustained appetite from overseas capital for prime mixed-use London investments, particularly those offering a longer-term redevelopment potential.
For further details or to discuss similar opportunities, please contact Simon Kibble skibble@frostmeadowcroft.com.
