Privately run property company Maxicorp has sold 201-207 Kensington High Street, W8, for £16.5m through a corporate share sale to a Middle Eastern investor.
Maxicorp, owned by health entrepreneur Zef Eisenberg, is selling the asset after it was granted planning permission for flats.
Eisenberg said: “Having secured an exceptionally valuable residential planning consent for 14 high-end flats, three retail shops and a basement gym, we were approached by several developers keen for quality assets in Kensington and we felt the time was right to take some profits.”
The group has properties in the London areas of Ealing and Richmond as well as assets in the Channel Islands.
It is currently exploring options to expand its portfolio. Eisenberg added: “Our focus will remain on cCentral London with a preference for property located near major transport hubs, or areas earmarked for long-term regeneration.”
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