Real estate investment firm the Valesco Group is moving to a new office in London’s Mayfair as it maps out expansion plans.
The firm, led by chief executive Shiraz Jiwa, will relocate from its 1,000 sq ft office at 11 Bruton Street, W1, to the nearby 25 Berkeley Square (pictured), owned by Lazari Investments.
The firm has taken a 10-year, no-break lease on a 6,000 sq ft floor in the building, joining tenants including Abu Dhabi sovereign wealth fund Mubadala.
The building – originally built in 1906 and designed by architect Frank Verity – has been redeveloped behind its original facade and has achieved a BREEAM Excellent rating. Valesco’s fit-out will be net-zero carbon and zero waste to landfill, and has achieved a gold standard under RICS’s SKA environmental accreditation.
Valesco has built a €2bn (£1.7bn) portfolio over the past three years, achieving a 20% valuation uplift across assets that include London’s Cannon Bridge House, EC4, Microsoft’s Reading headquarters and Amazon’s HQ for central and eastern Europe in Bratislava.
Jiwa, a former Morgan Stanley investment banker and private equity executive, said the next milestones for the firm as it moves into its new home will be growing that portfolio to €5bn and then €10bn.
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