BNF Capital and Morgan Real Estate Agree Terms to Acquire 27 Savile Row for Around £100M

• Asset & Location: 27 Savile Row, Mayfair, London W1S 2EX (former West End Central Police Station site earmarked for comprehensive office and mixed-use redevelopment). Agreed transaction value is approximately £100 million.
• Key Parties: Purchaser: BNF Capital (family office of the Perrodo family) in partnership with Morgan Real Estate. Vendor: CPI Property Group (controlled by Radovan Vitek). Development Manager: Henigman (retained for planning and execution).
• Operational & Planning Metrics: Consented/proposed redevelopment scheme encompassing ~46,683 sq ft (6,583 sq m) of Grade A office space, a ~8,500 sq ft (790 sq m) destination restaurant, and dedicated affordable tailoring workspace.

BNF Capital, the London-based family office representing the billionaire Perrodo family, has agreed terms in partnership with Morgan Real Estate to acquire 27 Savile Row in Mayfair from CPI Property Group for approximately £100 million. The prime West End asset—formerly the West End Central Police Station—was initially purchased by CPI Property Group in 2021 for around £50 million. CPI subsequently advanced planning proposals via development manager Henigman to demolish and rebuild the structure into a high-specification commercial project. The sale forms part of CPI's broader deleveraging strategy following credit rating downgrades into sub-investment grade territory by S&P Global Ratings, which prompted over €1.1 billion in asset disposals throughout 2025.

The transaction underscores persistent institutional and private wealth appetite for prime core-plus and value-add development opportunities within Mayfair, where severe supply constraints continue to support capital values and rental growth. Despite broader macroeconomic shifts, central London prime West End office space remains tightly constrained by elevated construction costs and strict planning frameworks, driving headline rents in Mayfair to over £180 per sq ft. For BNF Capital and Morgan Real Estate—who have previously co-invested across several core London assets, including their Hanover Square headquarters—the acquisition provides an opportunity to deliver a flagship Grade A scheme into an occupier market defined by severe structural under-supply.