CPI Property Group Sells 27 Savile Row for £105 Million

CPI Property Group (CPIPG) has finalized the sale of its property at 27 Savile Row in London, securing approximately £105 million from the transaction. Acquired in 2021, the site underwent planning processes for a new office project before being sold due to strong investor interest. The location, once a central police station for London's West End, was identified by CPIPG for its redevelopment potential.

The property, located in the prestigious Mayfair district, has been a focus for CPIPG's partnership with architect firm PLP Architecture and UK development partner Henigman to design "The Row," an office building targeting sustainable certifications. The project planned to maintain 95% of the existing façade, emphasizing sustainable development values.

CPIPG's Deputy COO Michal Felcman highlighted the value creation achieved, aligning with the Group's strategy to sell non-yielding development assets. The property's sale underscores its market appeal and strategic fit for CPIPG's objectives.