Capital Markets: 17 Albemarle Street
Levy originally acquired the asset on behalf of a private US family office over 20 years ago and subsequently managed, leased and advised on the property throughout the ownership period, prior to selling it in the open market in 2025. The property was an attractive freehold which had been refurbished, fully let and offered further asset management potential.
The sale attracted significant open market interest and was initially expected to proceed to a formal bids process. However, in an unusual turn of events, we successfully agreed a sale ahead of this stage. One particularly motivated private investor was keen to acquire the property outside of a competitive process. We advised that this would only be achievable on the basis of a premium price, with no conditionality, no searches, all-equity funding and an accelerated timetable.
Contracts were exchanged just 36 hours later, which was an exceptional outcome and one rarely seen in the market. The transaction demonstrates Levy’s ability to leverage long-standing asset knowledge, create competitive tension and deliver outstanding results for private clients.
We’re so grateful to Levy Real Estate for going above and beyond during the sale of 17 Albemarle Street. Their professionalism and efficiency made the entire process smooth and stress-free. They also achieved an incredible outcome, securing a price materially above the guide level while managing to exchange contracts in record time – less than two working days after agreeing Heads of Terms! We’d happily recommend Dan Drury and Patrick Clark in the London Capital Markets team to anyone looking to sell property in Central London.
Representative
Private US Family Office
Summary
£97.37
Rent per sq ft overall
5.6
year WAULT
£14.4m
Quote Price
£15.1m
Achieved Price
36 hours
Exchanged