TalkTalk founder and property mogul Charles Dunstone selected a converted Victorian warehouse in Notting Hill for his latest real estate investment.
Dunstone – who backed the BoxPark pop-up mall in Shoreditch, E1, and orchestrated the import of burger chain Five Guys into London – has paid £25.3m for the Phoenix Brewery on Bramley Road, W10.
The office, which covers 30,700 sq ft and was recently refurbished in a Stiff + Trevillion-designed scheme was bought from Mansford. The price paid reflects a 3.7% yield.
It is home to 11 tenants, including fashion companies Temperley London, Charlotte Olympia and Pink Lining.
Live Nation and JamJar are also tenants at the seven-storey office, which was fully let in May and put up for sale for £22.5m in June.
Average rents at the block are £33.48 per sq ft.
Dunstone owns a number of properties in the area around Holland Park, and in January launched the online agency portal HouseSimple.
Colliers International advised Dunstone; Hanover Green and Michael Elliott acted for the vendor.
