David Pearl has bought nine buildings at 2-10 Beauchamp Place, SW3, taking his investments this year to £100m.
Pearl’s Structadene paid private clients of Jones Lang LaSalle £12.1m, a yield of 5.8%. It is the third large investment this year for Structadene, which has built up a £700m portfolio of small lot sizes.
The company also bought Grosvenor Gardens House, SW1, for £20.4m and 19 buildings around Percy Street, W1, for £28.5m. However, Pearl continues to target smaller deals.
He said: “We don’t forget our roots. If you forget where you come from you might not remember where you’re going.”
