Luxury residential developer Amazon Property has now exchanged contracts to buy the Soho Works estate, W1, as tipped by Estates Gazette earlier this month.
Charles Gourgey’s and Chris Lanitis’s Amazon has exchanged contracts to buy the 74,123 sq ft estate for around £80m, West End sources said.
The deal for the buildings including 54-57 Great Marlborough Street, W1, plus 47-50 Poland Street, W1, comes 17 days after Estates Gazette revealed the company had agreed to buy the asset from TIAA Henderson Real Estate.
Plans had been in place for an 80,498 sq ft office-led revamp of Soho Works, but new proposals for a prime residential development will be drawn up in 2015.
Once famed for being the stomping ground of the late pornography and property magnate Paul Raymond, Soho is increasingly becoming a residential hot spot.
HMC and Michael Elliott are advising TH Real Estate; Amazon is not represented.
