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27 Berkeley Square sold to a Russian investor for £3,300/sq ft.
A private Russian overseas investor has bought 27 Berkeley Square in London's West End for around £21m, representing around £3,300/sq ft (£35,521/m2). It is thought that the investor has bought the building for his occupational use and that there were a number of other offers at a similar level. The office building, which is held on a long leasehold, was sold by a private European investor. Knight Frank and Michael Elliott advised the vendor.
Berkeley Square is a town square in the West End of London, England, in the City of Westminster. Berkeley Square is a mostly residential area. A residence in Berkeley Square is highly sought after, and residences do not come up on the market very often. The limited supply and great demand has created a market where a residence in Berkeley Square commands higher prices on the property market compared to similar residences in equivalently affluent neighborhoods.