Updated Dec 21, 2023
Deka Immobilien Purchases Clarges Mayfair Mixed-Use Property In Mayfair, London
Clarges St, Mayfair, London W1 J, Uk
$177,000,000
$2,723/SF
Building Size
65,000 SF
Asset Type
Mixed-use
Closing
Nov 17, 2020
About this deal
AI
The mixed-use property located at Clarges Mayfair, Mayfair W1J 8JB in Mayfair, London, has been sold in a closed transaction. The property was purchased by Deka Immobilien from the vendor, British Land, represented by Simon Carter. The purchase price for the property was £177,000,000, with a total square footage of 65,000. This translates to a price per square foot of £2,723.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: £177,000,000
- Address: Clarges Mayfair, Mayfair W1J 8JB
- Sector: Mayfair, London
- Vendor: British Land
- Purchaser: Deka Immobilien
- Vendor's Agent: CBRE & Mayer Brown
- Purchaser's Agent: Savills and Simmons & Simmons
- Square Footage: 65,000
- Price per Square Foot: £2,723
The deal was facilitated by the vendor's agent, CBRE & Mayer Brown, and the purchaser's agent, Savills and Simmons & Simmons. The involvement of these key individuals and companies highlights their roles in the transaction, with CBRE & Mayer Brown representing the vendor and Savills and Simmons & Simmons representing the purchaser, Deka Immobilien.
Players
Market Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.09%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93