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10/11/2010

85701562

Piccadilly Estate back on market

The well-known 1.3-acre Piccadilly Estate in Mayfair has gone back on the market after a sale to UUHH, an American…

 

The well-known 1.3-acre Piccadilly Estate in Mayfair has gone back on the market after a sale to UUHH, an American and Middle Eastern consortium of investment groups, collapsed.

Jones Lang LaSalle is believed to have been looking for offers in the region of £150m-£200m for the six freehold properties and the former site of the In and Out Club which now operates from St James’s Square.

A subsidiary managed by Simon Halabi’s Anglo Swiss Holdings previously owned the 180,000 sq ft portfolio until Allsop moved in as receiver this June.

Jones Lang LaSalle says the properties are suitable for a range of uses including: homes, offices, hotel, retail and leisure. Offers will be considered for components of the estate as well as the total portfolio.

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