27 Dover St., LondonProperty:Prime Mayfair offices
Area:6,500 sq ft
Purchase Price:c. £6m
Claymore Role:Acquisition, Investment Management
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Acting on behalf of a major Qatari property company, Claymore acquired this Core 6,500 sq ft multi-let office investment in July 2010, for c.£6.0m, reflecting a net initial yield of 4.6% pa (£1,058 psf).
Located in prime Mayfair, the property comprises 6 floors of offices totalling 6,500 sq ft in a modernised Grade II listed building.
Since acquisition, Claymore has actively managed the property, refurbishing vacant suites, installing a new lift and redecorating the external façades leading to lettings to Saint Laurent and Rossi & Rossi. Claymore’s involvement came to an end having driven rentals from around £55 per sq ft to £90 per sq ft, and the capital value to c.£13m.