CBRE Advises on Acquisition of West End Office with Residential Planning Consent

Global real estate advisor, CBRE, has advised on the acquisition of Hallam House, 56-60 Hallam Street, W1W 6JL, on behalf of a joint venture between London’s specialist residential developer Dukelease, and BST England, for £7.56 million.

Hallam House, a vacant West End office building was sold by property developer and asset manager, Oval Real Estate represented by Colliers.

The existing period building is set over 982 sq m GIA (707 sq m NIA) in the heart of London’s West End. An application for change of use under Class MA was submitted in January 2025 for change of use of the basement, ground, first, second and third floors from Use Class E to provide six residential flats (Use Class C3). Consent to convert the building into six residential apartments was granted in March, prior to the sale completing.

Richard Leslie, CEO of Dukelease, said: “Dukelease have successfully developed over 100 units in Fitzrovia in the last few years and we are excited about keeping the tradition going with this acquisition.”

Guy Halperin, CEO of BST England said: “We believe in Central London’s residential market and are delighted to be partnering with Dukelease on this venture — hopefully the first of many successful collaborations. The joint venture has funds available to deploy in two to three additional Central London residential or permitted development deals this year.”