Property investment and development, London W1
Dwyer Property buys property with a problem (a short head lease, empty floors, the air above a mansion block) and finds the move that fixes it: offices, industrial, land and homes, across London, the UK and France.
Or call 020 7629 6666. Agents, owners, introducers and partners are all welcome.
Try a move from the Dwyer track record
The Penthouses, Lowndes Square SW1 2012 to 2015
Before The air above three buildings in Lowndes Square, owned by the Sun Life Assurance Society.
After the move Air rights bought, planning won, two penthouses with terraces built and sold.
Brook Street, Mayfair W1 From 2000
Before A vacant 13,000 sq ft office building with 40 years left on its head lease.
After the move A new 125-year lease with the Grosvenor Estate, then Grade A offices and a house.
Rue de Lisbonne, Paris 8e From 2012
Before A 40,000 sq ft Haussmann office block near the Champs-Élysées.
After the move Consent for homes in 2012, then 26 lateral apartments with 60 parking spaces.
Early Bird House, Victoria SW1 2002
Before The 72,000 sq ft UK Passport Office, with 13 years left on its lease.
After the move A new 20-year lease with annual uplifts, and a sale to Prudential eight months after purchase.
Orbital Way, Edmonton N18
Before 180,000 sq ft of industrial space on nearly 15 acres, bought unconditionally and vacant.
After the move Let up, unit by unit, to local and regional businesses, until every unit was let.
40 to 125 years
on the Brook Street head lease, after the re-gear
8 months
from buying the UK Passport Office to selling it on a new 20-year lease
600+ homes
consented on surplus land at Aspect Park, Swindon
26 apartments
made from offices on Rue de Lisbonne, Paris 8e
Names in Dwyer deals
Five deals, five moves
Each one started with a problem. Each one turned on a single move.
Air rights
Three buildings in Lowndes Square, with the air above them owned by the Sun Life Assurance Society.
Dwyer bought the air rights in 2012 and won planning for two penthouses with large terraces.
Both were built on the roofs, then completed and sold in 2015.
Architect: MSMR.
Re-gear
A vacant 13,000 sq ft office building with 40 years left on its head lease.
Dwyer re-geared the head lease, agreeing a new 125-year lease with the Grosvenor Estate, then refurbished the building.
10,000 sq ft of Grade A offices and a 3,000 sq ft house. More than half the offices were let by spring 2002.
Split the site
56 acres and a 300,000 sq ft office building, bought as a sale and partial leaseback from Burmah Castrol.
Planning for over 600 homes on the surplus land, which was sold to Places for People.
180,000 sq ft of offices kept and let to BP, W H Smith, Nationwide, Infosys and Intrinsic.
Re-let
The 72,000 sq ft UK Passport Office, bought in February 2002 with 13 years left on the lease.
A new 20-year lease, with annual uplifts.
Sold to Prudential in October 2002, eight months after purchase.
Change of use
A 40,000 sq ft Haussmann office block close to the Champs-Élysées.
Permission to change the use to residential, granted in 2012.
26 lateral apartments with 60 car parking spaces.
Track record
Fifteen deals from Dwyer’s published record: penthouses and townhouses, West End offices, office parks, distribution centres and land, in England and France.
15 deals in the record
Air rights over three buildings in Lowndes Square, bought from Sun Life in 2012: two penthouses built on top and sold in 2015.
An unmodernised penthouse given an extra seventh storey, then rebuilt as a 5,000 sq ft duplex.
1.2 acres of old garages bought from the Freshwater Group: ten townhouses by Robert Adam, finished by 2017.
A derelict coach house rebuilt as a 3,500 sq ft three-bedroom house, completed in 2012.
Bought vacant with 40 years left on the head lease: re-geared, then 10,000 sq ft of Grade A offices and a house.
A 25-year head lease of five buildings: re-geared, comprehensively redeveloped and sold.
The 72,000 sq ft UK Passport Office: re-let for 20 years and sold to Prudential within eight months.
180,000 sq ft on nearly 15 acres by the North Circular: bought unconditionally and vacant, then let in full.
A 152,750 sq ft modern warehouse close to Luton Airport, bought as a part-built project.
A former Procter & Gamble plant: warehousing kept as an investment, 10 acres of housing built by Barratt Homes.
A 56-acre sale and partial leaseback from Burmah Castrol: offices let, and land for 600+ homes sold to Places for People.
A Tesco regional distribution centre, from the Dwyer portfolio.
A Sainsbury’s regional distribution centre at Emersons Green, from the Dwyer portfolio.
A 40,000 sq ft Haussmann office block near the Champs-Élysées, turned into 26 lateral apartments.
Over 36,000 sq ft of modern offices with 110 car spaces, bought for active management.
London
Hampstead St John’s Wood Marylebone Mayfair Knightsbridge Victoria EdmontonSchematic. Coastline and rivers from Natural Earth.
St John’s Wood NW8, 2012 to 2017
In 2012 Dwyer bought a 1.2 acre freehold of run-down garages from the Freshwater Group. By 2017 it was Hamilton Drive: ten gated townhouses designed by Robert Adam.
2012
1.2 acres bought from the Freshwater Group.
Planning
Consent for 70,000 sq ft of homes, designed by Robert Adam.
2016
A joint venture formed to build the scheme.
2017
Ten four- and five-bedroom townhouses complete, with gardens by Christopher Bradley-Hole.
The team
The people behind the deals, at 4 Fitzhardinge Street, between Portman Square and Manchester Square.
Director
Joined in 2012 from Knight Frank’s West End investment team, where he qualified as a Chartered Surveyor. Runs asset management, project marketing and new business.
Finance Director
Ran Savills Capital Advisors and led loan execution in Morgan Stanley’s European commercial property lending group.
Investment acquisition and asset management
A Chartered Surveyor who joined Dwyer in 1992. Buys property for the portfolio and improves it.
For agents and owners
Property in every sector where there is work to do: West End offices, industrial and distribution buildings, office parks, land with planning potential and prime homes. The track record runs from Knightsbridge to Lyon.
They are where many Dwyer deals start. Brook Street was bought vacant with 40 years left on the head lease, and Orbital Way in Edmonton was bought unconditionally and vacant, then let up.
No. Deals have run from Swindon, Havant, Luton and Bristol to Paris and Lyon, alongside Mayfair, Marylebone, Knightsbridge, Hampstead and St John’s Wood.
Describe the property and what is holding it back. Dwyer’s own deals cover re-gearing leases, letting up, planning and redevelopment, and if there is a fit, a member of the team will be in touch.
Yes. Hamilton Drive in St John’s Wood was built through a joint venture formed in 2016. Partners and lenders can use the same form.
Your introduction goes to the team at 4 Fitzhardinge Street. If it fits, a member of the team will be in touch. To speak to someone sooner, call 020 7629 6666.
Find the closest precedent
Three questions. See the Dwyer deal that looks most like it.
A match to deals Dwyer has published. It isn’t an offer, a valuation or a promise to buy.
Closest Dwyer precedent
Pick an answer to each question and the closest deal appears here.
Agents, owners, introducers and partners
Two short steps. The details go to the team at 4 Fitzhardinge Street, and a member of the team will be in touch.
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