PR93642

LONDON, Dec. 15, 2021 /PRNewswire=KYODO JBN/ --

Warwick Investment Group has acquired a historic and rare multi-family building

at 13/13a North Audley Street in London's Mayfair district. This purchase

follows Warwick's recent acquisition of nine single family houses in Belgravia

earlier this year.

Photo - https://mma.prnewswire.com/media/1707860/Audley_photo.jpg

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The Mayfair asset, an unlisted building in a historical preservation area, was

purchased in an off-market and privately negotiated transaction directly with

the vendor by Warwick's London team.

The purchase of the North Audley Street property is the firm's second purchase

in three months targeting core assets in prime locations with value-add

potential. Warwick has already commenced design work to optimize the building

for long term repositioning.

Located in northern Mayfair between Grosvenor Square and Oxford Street, the

majority of the units benefit from outdoor space and have direct views towards

Hyde Park.

Warwick is proactively consolidating residential assets across central London

under its emerging rental brand with a goal of becoming a top 10 private

landlord in the capital.

Andrew Chrysostomou, UK Senior Managing Director:

This purchase is a strong complement to our portfolio in terms of location and

value add optionality. We are now key landlords in both the Mayfair and

Belgravia districts of central London.

Kate Richard, Founder and CEO:

The North Audley street asset is rich in Anglo-American history and we look

forward to repositioning the asset to capture the increase in rental demand

across London under our in-house rental brand.

CONTACT: LON@warwickinvestmentgroup.com

SOURCE Warwick Investment Group