A Russian investor has snapped up the former Jamaican high commission at 50 St James’s, SW1, for more than £70m.
The 185-year-old 35,000 sq ft building, which is thought to have an underground tunnel to White’s club across the road, has planning permission for a members’ club, spa and 14-bedroom hotel.
Del Bono & Partners advised the purchaser. Harper Dennis Hobbs and Real Estate Hunters were joint agents for the vendor.
Richard Webster, director at HDH, said: “This is a unique building and underpins the resilience and foresight of overseas investors in maintaining London as the capital of the world.”
joanna.bourke@estatesgazette.com
