Pembroke Real Estate today announced the acquisition of “One Grafton Street”, a prime freehold property located in the heart of Mayfair.
On behalf of its investors, Pembroke facilitated the acquisition of One Grafton Street, the 37,400 sf mixed-use property from international real estate firm Hines’ European Value Added Fund (“HEVAF”). This property is the sixth acquisition for Pembroke in London.
One Grafton Street offers 25,800 sf of Grade A office accommodation as well as four self-contained retail units and a residential apartment. Fully redeveloped in 2010 behind a partially retained façade, the building combines Victorian and contemporary design and is currently fully let to 10 tenants. In addition to offering column free floors the property has a “Very Good” BREEAM rating.
Located between Berkeley Square and Bond Street, the property is situated in one of the most desirable areas in Mayfair, home to international corporate headquarters, boutique businesses, retail establishments, restaurants and residences.