PR96793

LONDON, June 30, 2022 /PRNewswire=KYODO JBN/ --

Warwick Investment Group has acquired two freehold buildings on Green Street to

increase its footprint in Mayfair and further expand the size of its rental

portfolio across Central London.

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This completes a very busy 12 months for the US private equity firm as they

continue to consolidate unbroken freehold investment blocks across the golden

post codes of Prime Central London.

With a rental portfolio across 21 buildings, under its emerging rental brand,

Warwick is now a key private landlord across Mayfair and Belgravia with the

goal of becoming a top 10 private landlord in the UK capital.

The Green Street portfolio is comprised of two Victorian red brick freehold

buildings in the heart of Mayfair and marks the first time the buildings have

ever traded. The two buildings total almost 10,000 square feet of residential

accommodation ranging from one to three-bedroom multifamily apartments.

The purchase is highly strategic to Warwick given its proximity to their recent

off-market purchase of the historic multi-family building at 13/13A North

Audley Street.

The acquisition strategy is consistent with consolidating clusters of great

buildings in core neighbourhoods to create a diversified portfolio of scale

across Central London.

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.

SOURCE  Warwick Investment Group

CONTACT: Andrew Chrysostomou, ajc@warwickinvestmentgroup.com