INDUSTRY NEWS

Famous Kensington Roof Gardens atop London offices for sale at £200m

The famous Kensington Roof Gardens – home to a number of celebrity parties, including the annual pre-Wimbledon celebration – are up for grabs at an astounding £200m.

Its Asian owners have finally decided that the time was right to put the 1.5 acre garden and the rest of the building that it sits atop – known as 99 Kensington High Street – up for sale.

The joint owners of the building, Singaporean property company CapitalLand, Asian conglomerate Genting and hotel operator are also looking to sell 1 Derry Street and 25 Kensington Square as part of the deal – with the asking price for the lot standing at £200m

Built on the top of the former Derry & Toms department store, the venue has been leased by Sir Richard Branson’s Virgin empire for over 20 years.

The firm has hosted the pre-Wimbledon party there for a number of years, with many of the best tennis players from across the world often in attendance.

After the department store closed in 1973, its interior was converted to 400,000 sq ft of prime London offices, with its main client being the record label Sony BMG.

The gardens themselves were originally laid out between 1936 and 1938. They are divided into three themes, a Moorish style, a Tudor style and an English woodland garden style: They are known to be the largest of their kind in Europe, featuring everything from fruit trees to flamingoes.

They were grade II listed in 1978 and have remained untouched ever since.

News bought to you from DeVono Cresa, the award-winning commercial property advisers, specialising in Central London office, retail and leisure space.

Leave a Reply

Your email address will not be published.