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17 OCTOBER 2023
A leading asset manager, Blue Owl Capital UK, the UK affiliate of Blue Owl Capital Inc. has taken the final floor at Grosvenor’s 65 Davies Street development in Mayfair prior to the project’s completion in November.
Grosvenor has seen continued strong demand for its new sustainable and well-located offices with over 80% of projects completing in 2023 fully let ahead of completion.
One of the best-connected offices in London, 65 Davies Street is located directly above the Bond Street West Elizabeth Line station next to Oxford Street. Designed by PLP Architecture, the building features an attractive green wall on the south façade, with the remainder of the building in finished in terracotta, stone and bronze complementing its surroundings and the iconic stone used across the area’s historic buildings.
Grosvenor is working with partners to invest £1.3 billion across Mayfair and Belgravia over the next 10 years, with 14 major projects and 1 million sq. ft. of redevelopment already underway. This includes South Molton, a 2-acre mixed use £500 million project partly being delivered in joint venture with Mitsui Fudosan UK and Fivefields, Grosvenor’s flexible workspace for charities and social impact organisations.
Anna Bond, Executive Director – Development, Grosvenor said: “The pre-letting of 65 Davies Street is the culmination of a long-term strategy to re-position our assets to meet the evolving needs of office occupiers.
“Despite evident uncertainty in the market, we expect this flight to quality to continue and demand for sustainable, spaces in strong amenity-led locations – such as 65 Davies Street, to outstrip supply. On this basis, we’re investing confidently but prudently in our portfolio, with transformative schemes like Holbein Gardens and the Ice Factory and soon also South Molton delivering the spaces, services and quality occupiers are looking for.”
Notes to Editors
Blue Owl Capital UK was advised by Cushman & Wakefield.
Grosvenor is an international organisation whose activities span urban property, food and agtech, rural estate management and support for philanthropic initiatives.
We are a values-led business which represents the Grosvenor family and share a common purpose - to deliver lasting commercial, social and environmental benefit - addressing today’s needs while taking responsibility for those of future generations.
With a track record of over 340 years, we work to improve urban property and places in many of the world’s leading cities, promoting sustainability within the built environment and enhancing the wellbeing of customers and communities.
Our UK property business supports c1,000 businesses and tens of thousands of residents and workers across London’s West End each day. We also invest in, create and manage sustainable neighbourhoods in Liverpool and across England. As a 1.5oC aligned company, pioneering change and new ways of thinking about property we aim to ensure our places benefit both people and the planet over the long term.