RIB completed on the acquisition of a property located at 28 Portland Place
We are delighted to announce that we have completed on the acquisition of a property located at 28 Portland Place, W1 for our Educational client, for their own occupation.
About the property
Portland Place is one of the most well-known streets in London with the Chinese and Polish Embassies, as well as BBC Broadcasting House all located on the street. The subject property is a prominent terraced Georgian townhouse with several stunning character features. The property is located on the eastern side of Portland Place and is well located for Great Portland Street Underground Station, Oxford Circus Underground Station, Marylebone High Street, and the Langham Hotel.
Completed in the 18th Century, the property was designed by the Adams Brothers – some of the most prominent and celebrated architects of their time. The property is built in Portland Stone with a brick façade. The property is set out over lower ground, ground, and three upper levels with a total of 10,278 sq. ft of D1 institutional office space. Including original fireplaces, two stunning drawing rooms, original friezes and plasterwork, and an incredible reception this Grade II listed property is truly a sight to behold.
The property is held on a long leasehold from the Howard de Walden Estate and is located within the City of Westminster’s Portland Place Special Policy Area which aims to protect uses within the Harley Street Conservation Area. Following the purchase, RIB’s team were able to agree terms with the Freeholder to widen the use clauses to Office & Educational.
Our client intends to refurbish the building, restoring it to its former glory.