111 Buckingham Palace Rd

In 2014, Kennedy Wilson acquired 111 Buckingham Palace Road, attracted to the material reversionary potential that could be visibly unlocked over the following three years, with the entire rent roll having staggered lease events over this time frame.

Location
London
Property Type
Office
Sq. Feet
224,100 sq ft

111 BPR Story

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. 

In 2017, following the successful transformation of the reception and Sky Lobby, Kennedy Wilson delivered strong rental growth of 20% over in-place rents.

  • Central Park
    Vantage, Central Park View
  • Buckingham Palace Road
    111 Buckingham Palace Rd View
  • Baggot Plaza
    Baggot Plaza View
  • Photo of Shelbourne
    Shelbourne Hotel View
  • Photo of Clancy Quay at night
    Clancy Quay View
  • Photo of Capital Dock
    Capital Dock View
  • Photo of Kohanaiki
    Kohanaiki View
  • Photo of Harrington Square
    Harrington Square View
  • Photo of 150 S El Camino
    150 S El Camino View
  • Photo of Ritz-Carlton, Lake Tahoe
    Ritz-Carlton View
  • Photo of Alliance
    Alliance View
  • Photo of Merritt on 3rd
    Merritt on 3rd View