Funds managed by affiliates of Strategic Value Partners, LLC (SVP) and Oval Real Estate, have acquired 10 Stratton Street.
The property, located in the highly sought after Mayfair area of London, covers ~41k sq. ft over seven floors and lower ground floor. The building is currently multi-let to tenants including Common Purpose Training, The Ritz, HIG, Kosmos Energy, Ellipsis Pharma, Verdane Advisors, Valor Real Estate Partners and Eurazeo.
Strategic Value Partners (SVP) is a global private equity and credit investment firm. SVP invests across the capital structure in complex and value-oriented situations, and has been an active capital partner to Oval across a number of London office repositioning strategies.
Oval Real Estate was founded in 2013 and develops, manages and invests in office, industrial and residential properties across the UK. Oval has developed a strong reputation for delivering complex value-add strategies in partnership with institutional capital partners.
BDO provided financial and tax due diligence and SPA review services in support of the transaction.
The project team included:
Transaction Services: Craig Martin, Andrew Porteous
Tax: Ed Peters, Will Perret
Forensic: Laurence Mills
Acquisition of 10 Stratton Street by SVP and Oval Real Estate
