Trophaeum sells St John’s Wood portfolio to Aprirose for £65m

Real estate investment manager Aprirose has acquired a mixed-use portfolio in St John’s Wood, London, from London-based real estate firm Trophaeum for £65m. The portfolio comprises 32 retail and 75 residential units, with 19 car parking spaces. The acquisition follows the strategy to invest in the assets and revitalise the retail parade. St John’s Wood is an affluent neighbourhood in central London, between Regent’s Park, Primrose Hill, Marylebone, and Maida Vale. The high street has undergone significant transformation in recent years and is set to further benefit from St John’s Wood Square on the former barracks site, scheduled for completion in 2028. Aprirose has begun rolling out a value-add strategy aimed at enhancing the estate through upgraded retail offerings, lease restructures, and residential refurbishments—all designed to boost footfall and establish a leading high street destination. Suraj Shah, head of capital raising at Aprirose, said: “St John’s Wood is a one-off asset that has huge appeal but with plenty of opportunity to add value and further prestige to its offer. Aprirose has a unique advantage in doing deals like this because of our in-house asset management and debt teams meaning that when the right opportunity comes along, we can galvanise and line up the right stakeholders swiftly, which is what happened with St John’s Wood.” Ajay Patel, director of investments & capital raising at Aprirose said: “St John’s Wood is exactly the type of deal we and our investors want to be doing more of – income producing assets with a clear and highly deliverable, de-risked value creation plan. Our investors recognised the inherent value in the opportunity which was demonstrated by the fact that the equity was oversubscribed – a result we are delighted with in the context of the current market environment. We’re now fully focused on capitalising on the huge opportunities we have for the high street to rival other prestigious London destinations.” Image © Aprirose