Asset is home to Morgan Stanley’s wealth division

GG Capital has acquired 9 Upper Grosvenor Street from a prominent family office – a Grade II listed asset set in the heart of Mayfair and moments from Grosvenor Square.

9UGS acts as Morgan Stanley’s International Wealth Management offices in the heart of the West End – previously acting as Morgan Stanley’s CEO office.

The office asset is let the Morgan Stanley Group – institutional grade covenant – at a low and reversionary passing rent with the potential to increase the NOI in the short term.The asset management strategy will consist in stabilizing the scheme by undertaking a capex program to enhance the EPC ahead of the next rent review and lease re-gear.