Business World

Saturday 24 February 2018

Green goes for 'Posh' market in Mayfair

When in London
Victoria Beckham
will be heading for
Mayfair where one
of her favourite
fashion designers,
Roland Mouret, will
have a new premises
at 8 Carlos Place,
London W1, owned
by Green Property
When in London Victoria Beckham will be heading for Mayfair where one of her favourite fashion designers, Roland Mouret, will have a new premises at 8 Carlos Place, London W1, owned by Green Property

Donal Buckley

One of Victoria Beckham's favourite fashion designers, Roland Mouret, is to open a London operation in a Mayfair property that AIB sold to Green Property last year for around £6.7m (€7.6m).

Agent to the stars, 19 Entertainment -- which also acts for 'Posh Spice' Ms Beckham (pictured) and her soccer star husband David -- has agreed to pay a rent of £45 per sq ft to Green Property for the entire 6,000 sq ft corner period building at 8 Carlos Place, London W1.

The agency is headed by Simon Fuller who is also the producer of a number of TV shows such as 'American Idol' as well as acting for Roland Mouret.

Bullish

AIB had previously acquired control of 8 Carlos Place following legal action against a previous owner, Achilleas Kallakis's Pacific Group.

Meanwhile, also in the sought-after area of London W1, Paddy McKillen's Clarendon Properties has secured Japanese advertising giant Dentsu as a pre-let tenant for offices at 10 Hills Place.

Dentsu is taking 11,200 sq ft on a 10-year lease at £43.75 per sq ft, with 12 months rent-free.

Also in London, a private Irish investor is asking what is considered a bullish price of £32.5m for Finlaison House, EC4.

And because the 31,000 sq ft building is let to the British government's Actuary Department for a long lease until 2023, the Irish investor is hoping that a buyer will accept a yield of only 4.87pc.

Irish Independent

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