Burlington Arcade
51 Piccadilly, London, W1
Price: £269m
Yield: 3.94%
Status: Sold (May 18)
Tenure: Freehold
Contacts
Meet the teamMark Shipman
Founding Partner
Mark Shipman
Founding Partner
With over 35 years of experience, Mark is widely regarded as one of London’s leading real estate investment advisors. As a founding partner of Michael Elliott, Mark has successfully advised on the acquisition and disposal of over £20 billion of UK commercial real estate.
Mark has been involved with numerous high-profile transactions including some of Central London’s best-known buildings such as the Millennium Dome, Centre Point, the Burlington Arcade, Earls Court & Olympia, Queensberry House, 60 Sloane Avenue and 1 Strand.
Other transactions have included strategic loan workouts for the likes of Nippon Credit Bank, Swedbank and Westpac and the Royal Bank of Scotland.
Mark is a senior partner of Metrus, our sister management company helping to grow the portfolio from £300 million in 2001 to more than £5 billion today.
He is a generous philanthropist and board member of Rays Of Sunshine – a UK charity that brightens the lives of seriously ill young people and their families across the UK by granting wishes and providing ongoing support within hospitals.
In his spare time, Mark enjoys spending time with his family, enjoying the arts and he is a keen cyclist and football fan.
David Harrison
Partner
David Harrison
Partner
David is an equity partner at Michael Elliott. Having started his career at Cushman & Wakefield, over the last two decades he has advised on over £5 billion of central London investment transactions.
With a proven track record, he thrives on a proactive approach to asset strategy and transactional delivery which has resulted in forging lasting relationships with his clients.
He has a strong preference and track record for sourcing off market opportunities where confidentiality is paramount.
In addition to advising a number of high-profile overseas investors, he has a broad domestic client base some of which include CBRE Global Investors, Howard de Walden Estate, Workspace Plc, Trinova and UBS.
An avid sportsman, David is a keen golfer, skier, rugby fan and classic car enthusiast. He loves a hairbrained fitness challenge albeit has had less time recently due to his two young sons who live with him and his wife in London.
Scott Lister
Partner
Scott Lister
Partner
Scott is a partner at Michael Elliott with over a decade of experience specialising in the Central London market.
Acting for a number of private clients, property companies and foreign & domestic institutions, he provides a range of advice on numerous asset classes including office, hotel, retail and development properties for both acquisition and disposal purposes.
Often working on off-market transactions and with experience and detailed knowledge of complex corporate structures, he is known for thinking strategically and creatively to ensure clients’ needs are met.
Scott has advised and transacted on multiple trophy London deals with recent examples including:
Fenwick’s, New Bond Street, W1 - £428.5m
50 St James’s Street, SW1 – pricing confidential
14-16 Great Portland Street, W1 - c.£30m
27 Savile Row, W1 - £56m
64 St James's Street, SW1 - c.£35m+
The Wellington, Covent Garden, WC2 - £76.5m
21 Dartmouth Street, SW1 - £95m
35 Great Smith Street, SW1 - £30m
Harlequin Building, 65 Southwark Street, SE1 - c.£60m
187/195 Oxford Street, W1 - c.£55m
Bow Street Magistrates Court - c.£60m
The Hat Factory, Kentish Town Road, N1 - c.£25m
54-57 Great Marlborough Street, W1 - c.£60m