Henigman Sells 27 Savile Row for £105m After Planning Milestone

The real estate investment and development company acquired the site in 2021 for £55 million in partnership with CPI Property Group (CPIPG).

Formerly the Metropolitan Police’s central police station for London’s West End, the property occupies a prominent position on Savile Row, close to Bond Street and Regent Street.

Henigman and CPIPG identified the site as an opportunity to create a high-quality office development in a part of central London where new supply is limited.

Planning secured for The Row

Working with PLP Architecture, Henigman secured planning permission for The Row, an office-led redevelopment designed to retain elements of the site’s existing character while delivering a next-generation commercial building.

The approved scheme comprises approximately 4,350 sq m of gross floor area, including premium office space, a restaurant and outdoor terraces.

The development is targeting BREEAM Outstanding and WELL Platinum certifications, alongside a 5-star NABERS rating and an EPC A energy rating.

Approximately 95% of the existing stone façade is also expected to be retained as part of the redevelopment strategy.

According to Henigman, securing planning permission marked the culmination of a detailed design, consultation and planning process and helped create additional value in the asset ahead of the sale.

£105m sale follows investor interest

The property has now been sold for approximately £105 million following what Henigman described as strong investor interest.

The company said the transaction reflects its strategy of identifying opportunities in prime locations and creating value through development and planning expertise.

Dean Main, Founder of Henigman, said:

27 Savile Row is exactly the type of opportunity Henigman was created to pursue: an exceptional asset in an irreplaceable location with significant potential. Having acquired the site for £55 million in 2021, we had a clear vision from the outset - to create something worthy of Savile Row while unlocking the full potential of the site. Securing planning for The Row was a major milestone, and the £105 million sale is a strong result that demonstrates the value of our development-led approach.

Michal Felcman, Deputy COO of CPIPG, said:

CPIPG acquired 27 Savile Row because we saw the potential to create an exceptional new office scheme. By securing the necessary planning permissions, we created substantial value which has now been realized, consistent with our strategy to sell non-yielding development assets.

Scott Lister of Michael Elliott LLP and Scott Curtis of CMS Cameron McKenna Nabarro Olswang LLP acted on behalf of CPIPG.

Henigman’s current development pipeline exceeds £600 million and includes projects in central London and other UK locations.