63 Brook Street
The property was acquired off-market in February 2010 for £28.1m and was predominantly vacant.
Having sourced and advised on the acquisition, Morgan Capital Partners then implemented an active management strategy that included the letting of the building, rent reviews, lease re-gears and two re-lettings over a 5 year period.
The property was sold in May 2016 to a private buyer for £60m, reflecting a 3.4% NIY and £2,200psf. This successful investment produced an IRR of 16%.