Warwick consolidates Mayfair collection with Green Street portfolio addition

To enhance its presence in Mayfair and further improve the size of its rental portfolio throughout Central London, Warwick Investment Group purchased two freehold buildings on Green Street.

As they continue to consolidate continuous freehold investment blocks throughout the prime central London post codes, the US private equity group has had an extremely busy year.

Warwick is currently a significant private landlord in Mayfair and Belgravia with a rental portfolio spread across 21 buildings, under its developing rental brand, with the aim of breaking into the top 10 private landlords in the UK capital.

The two Victorian red brick freehold properties in the Green Street portfolio are located in the centre of Mayfair, and this is the first time the buildings have ever traded. The two structures' combined living space, which includes one- to three-bedroom multifamily units, is over 10,000 square feet.

Given its closeness to Warwick's recent off-market acquisition of the historic multi-family building at 13/13A North Audley Street, the transaction is extremely crucial for the company.

In order to construct a varied portfolio of size across Central London, the purchase approach is consistent with grouping together outstanding structures in central neighbourhoods.

Andrew J. Chrysostomou, UK Senior Managing Director:

"We identified the Green Street portfolio as a key target following our acquisition of North Audley Street. The Green Street assets represent a great addition to both our Mayfair holdings and to our wider portfolio. We have a healthy pipeline of over £100 million and continue to target complementary additions to the portfolio."

Kate Richard, Founder and CEO:

"In Prime Central London, the recent increase in demand is taking place against the background of a remarkably inelastic supply of homes in total. We continue to see robust tenant demand, combined with supply constraints, as a positive context for the trajectory of rental values in Central London multifamily homes, even in the context of a challenging macro environment."