GE/Grafton sell 63 Brook Street and secure lettings

  GE Capital Real Estate and Grafton Advisors have simultaneously sold 63 Brook Street to a private investor and let 8,757 sq ft at the Mayfair office development.   PNC Bank has taken the 5,007 sq ft first floor at £80 per sq ft and Heptagon Capital has taken the 3,750 sq ft fourth floor at £70 per sq ft.     Both tenants signed 10-year leases.   The lettings follow a substantial 24,500 sq ft office redevelopment last year.   The building is located opposite Claridge’s hotel.   Contracts have also been exchanged on the sale of the building to an unnamed private overseas investor, at an undisclosed price.   PNC Bank was advised by Knight Frank; Heptagon Capital was advised by Simmonds Heath; Strutt & Parker and Savills acted on behalf of GE Capital Real Estate throughout while Morgan Consulting advised the purchaser.   Josh Singer, asset manager at GE Capital Real Estate UK, said: “The redeveloped 63 Brook Street provides a fantastic combination of modern office space concealed behind the classic exterior of an original building.   “To have let two floors simultaneously and sold the building is a great result for us.”   Nigel J Kempner, chairman of Grafton Advisors, said: “We are delighted to have secured two new tenants at this prime Mayfair location and sold the building.   “It’s testament to the vision and hard work of the team involved in the project since inception and demonstrates the continuing strong demand for the right product in the right location in the West End.”   paul.norman@estatesgazette.com