Commercial

The 17,000 square-foot building has a rich history that began in 1843 when it opened as a Methodist Centenary Church. The neoclassical style church was eventually destroyed by a fire in December 1968, and the façade and portico were the only elements saved. It’s since served as a bank and then home to The Department of Justice.

150 S. El Camino Drive is a 3-story, Class A office building located just one block south of the world-renowned intersection of Wilshire Boulevard and Rodeo Drive near the golden triangle section of Beverly Hills. After acquisition, Kennedy Wilson completed a multi-million dollar renovation of the building, including a full-scale remodel of the exterior and interior.

The core Victoria location, directly over the mainline Victoria railway station and fronting Buckingham Palace Road, was attractive along with the broader regeneration of the local area. With a low average passing rent of £47.00 psf, most of the rent roll up for rent review, and the remaining 11% expiring, this asset presented a substantial opportunity to drive rental uplifts.   Kennedy Wilson’s value-add asset management plan included a comprehensive redevelopment of the reception, including a generous art installation, and refurbishment of the Sky Lobby.