Former cop shop in London’s Savile Row sells for £50 million

A former cop shop in London’s Savile Row has been sold for £50 million.

The nine-storey building at number 27 was recently decommissioned as the West End Central police station.

It has been bought as a “development opportunity” by the European real estate company CPI Property Group.

Number 27 in Mayfair could be used as an office or residential place.

It’s believed the deal price was around £50m.

The property has an estimated gross development value of around £150 million  to £200 million.

David Greenbaum, CPI’s finance chief, said:

“27 Savile Row is an iconic asset in London’s Mayfair that offers superb long-term value.”

About the Author

Philip Braund spent 16 years at the Daily Mirror as a reporter and news editor before moving to ITV. He was the series producer of the ground-breaking investigation programme The Cook Report, Managing Editor at ITV’s Millbank Studios, and Head of News at ITV Central. He has won national and regional Royal Television Society awards for documentaries.