17 February 2022
Valesco in iconic Berkeley Square HQ office move ahead of ambitious 2022 growth phase
Valesco takes floor in iconic new redevelopment also housing the new HQ of the Abu Dhabi Sovereign Wealth Fund
BREEAM Excellent property with sustainability and talent amenities at its heart
Valesco’s fit-out is synonymous with its corporate cultural values including net carbon zero, zero waste to landfill and SKA Gold
The Valesco Group ("Valesco"), the rapidly growing London headquartered European real estate investment and asset manager, backed by sovereign and institutional capital, has taken a floor spanning 6,000 sq ft of Grade-A, highly sustainable office space at 25 Berkeley Square, Mayfair, owned by Lazari Investments. Valesco joins a blue-chip tenant roster that includes Abu Dhabi sovereign wealth fund Mubadala.
Originally built in 1906 and designed by the renowned architect Frank Verity, the building was recently fully redeveloped, whilst retaining the original facade. Finished to the highest specifications, a focus on energy efficiency and sustainability has seen it achieve a BREEAM Excellent rating. In addition and in line with its corporate cultural values, Valesco’s fit-out will achieve the highest level of ESG
accreditation including net carbon zero, zero waste to landfill and SKA Gold. The property boasts a vast array of occupier amenities, fast becoming a pre-requisite for talent focussed occupiers.
Shiraz Jiwa, Founder and CEO of The Valesco Group, commented: “25 Berkeley Square represents best-in-class office space that is synonymous with our ethos in terms of what we look for as an office investor in our own right. Its strong micro location, occupier and visitor experience, tenant mix and wellness amenities align with our corporate value system of owning and occupying space with the strongest sustainability credentials and grade-A features that ensures talent can thrive, self-actualise and exceed its potential individually and collectively. The non-verbal communication of an occupier’s space speaks volumes both internally and externally and this HQ move speaks to Valesco’s ambition of becoming a pre-eminent European Real Estate investment platform with community impact and talent nurturing at its core.”
The letting follows a period of significant growth for Valesco. Valesco’s existing €2 billion portfolio, accumulated in less than three years, has performed strongly since the start of the pandemic, achieving 100 percent rent collection, a 20% valuation uplift and a returns profile twice that of its peer group. Over the same period, it has bolstered its Investment and Asset Management functions with numerous new hires from blue-chip backgrounds, providing a strong platform as it looks to grow assets under management and broaden its institutional investor base during 2022 and beyond.
Valesco was advised by CBRE.