Warwick Completes Belgravia Ensemble with Acquisition of the Mozart Portfolio
PR94951
LONDON, Mar. 15, 2022 /PRNewswire=KYODO JBN/--
Warwick Investment Group has completed its largest deal to date with the
acquisition of 25 apartments across 5 unbroken freeholds across Ebury Street in
Belgravia.
Photo - https://mma.prnewswire.com/media/1763400/WIG_Ebury_Street.jpg
The location is rich with history as Ebury Street was once home to composer
Wolfgang Amadeus Mozart as well as to James Bond creator, Ian Fleming.
The diversified portfolio, aptly named the Mozart Portfolio, comprises an
attractive mix of units with significant value enhancement potential through
refurbishment and extensions of the existing accommodation.
Defined by Georgian buildings and an excellent neighbourhood retail offering,
the Mozart portfolio comprises a mix of apartment sizes and provides a range of
options for existing and future tenants.
The purchase is in line with Warwick's strategy to acquire freehold investments
with value-add potential and is a strong complement to Warwick's existing
ownership of nine freehold houses nearby in a gated mews on St Barnabas Street
in Belgravia.
Since completion of the purchase, Warwick has increased occupancy, improved
rents and has commenced design work to optimize the units for long term
repositioning.
Andrew J. Chrysostomou, UK Senior Managing Director:
This purchase completes a hat-trick of deals for us in the last six months. We
continue to proactively consolidate assets across central London, with the goal
of becoming a top 10 private landlord in the capital.
Kate Richard, Founder and CEO:
The Mozart Portfolio is a "once in a generation" acquisition which supports our
strategy of building an outstanding portfolio of high quality multi-family and
single-family properties in Central London. We now own 14 buildings in
Belgravia making us a committed long term investor in the neighbourhood.
SOURCE: Warwick Investment Group
CONTACT: Clayton Dude, cad@warwickinvestmentgroup.com
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