Howard de Walden buys Harley Street block

  Howard de Walden Estate has acquired 14 period buildings on Harley Street, W1, from The Crown Estate for £34m.   The freehold block – a mix of housing and medical consultancy rooms – at 126-154 Harley Street and 26-34 Park Crescent Mews West generates an annual income of £1.2m.   The buildings have not changed hands for more than 470 years, since the dissolution of the monasteries by Henry VII.   The Crown Estate brought the block to the market earlier this year for £25m and a net initial yield of 4.36%.   Howard de Walden Estate, which is owned by members of the Howard de Walden family, owns, leases and manages most of London’s Marylebone.   Cluttons and Strutt & Parker advised The Crown Estate.   annabel.dixon@estatesgazette.com