Our expertise in residential developments and investments has been honed through years of getting to know the local area. We provide a full advisory, disposal and acquisition service to developers, institutional bodies and investors.
Apart from the company’s day to day sales of residential and other properties, Mr Poulengeris is personally involved in the larger transactions, advising and acting on behalf of either the Vendor or the Purchaser as well as project finance.
Hyde Park Agencies is a small dynamic company with an extensive client base and enjoys an excellent reputation for providing honest and reliable advice on most aspects of investments in property.
With his decades of experience, Mr Poulengeris and his specialist team can help you make all the right decisions when it comes to site acquisition, pricing and launching new ideas in the market.
Our strong relationships with major players mean we can identify development opportunities. With a focus on your aims, we will ensure that you always get more out than you put in.
We offer services across individual and bulk purchases, so you can benefit from our guidance no matter your budget. Our experts can handle all aspects of property investment, development and management for you, from our office in Central London.
Examples of Completed Transactions
Below are few examples of transactions which were successfully completed.
1. N.C.P Car park, Wardour Street London, W1 (now the Soho Hotel)
Mr Poulengeris introduced and negotiated the purchase of the above property for a price of £13,000,000.00, on behalf of Consolidated Hotels..
Mr Poulengeris advised, and worked closely with the Architects of Firmdale Hotels (the tenant), regarding the Planning Consent which took approximately 14 months to be issued (85 bedrooms plus 6 apartments). Construction started soon afterwards and the Hotel was finished and in full operation in August 2004 and leased to Firmdale Hotels. It is now one of the most successful Hotels in London.
The property was valued at that time, for Bank purposes, in the region of £40 million.
The Investor, Consolidated Hotels, paid only £13 million pounds for the land. Design, construction and all associated costs were bourne by the Tenant.
2. Royal Bayswater Hotel, 117-122 Bayswater Road, London W2
Five period buildings, facing Hyde Park, on Lower Ground, Ground and four upper floors as a 2 star Hotel with two restaurants and one retail shop on the Ground floor, night club and restaurant on the Lower Ground floor..
Acting on behalf of the vendors Mr Poulengeris negotiated the sale of the above properties for the price of £6,600,000.00. The hotel and shops were let producing an income of £480,000.00 per annum.
Four years later, Mr Poulengeris again acted on behalf of the new owner (see above) for the price £8,300,000.00. The owners received several offers to sell this property (two offers through Hyde Park Agencies), the highest offer being £16.5 million.
All offers to sell were refused by the owners who successfully applied for planning permission to demolish and built a mixed development of 22 Residential flats, retail shops and restaurant.
Subsequently Mr Poulengeris negotiated the sale of this property, with the benefit of the planning consent (as above) for a price of £23.5 million, an increase of £15.2 million over a period of approx. 6 ½ years. Throughout this period, the entire property was let to a Hotel group producing an income of £480,000.00 approx. 5.5% on the purchase price. Mr Poulengeris had arranged for this letting.
3. Audley Square and Farm Street, Mayfair, W1
A. 5 Audley Square (Car Park): 317 spaces with planning permission to demolish and build a 90 unit Apartment Hotel with 207 underground parking spaces.
B. 21-23 Farm Street: Council Cleaning Depot with planning permission to demolish and build a block of flats, 14 units, (6x3 bedrooms/ 2 bathrooms and 8x2 bedrooms/2 bathrooms) plus underground parking for 14 cars.
Purchase Price: £34 million (both properties bought as a package)
Acting on behalf of the purchasers Mr Poulengeris conducted all negotiations with the City of Westminster, Estate department, their solicitors and their agents.
Once purchased Mr Poulengeris introduced a tenant for the car park and Petrol Station, paying rent, in total, of £522, 000.00 p.a
The Properties were resold approx.18 months from the purchase date for a price in excess of .
4. Bonhams Sales Rooms (10-11 Salem Road, London W2) now Meritas Court
The Auction Rooms of Bonhams (approx. 20,000 sq ft) located in the heart of Bayswater. The property was bought for redevelopment.
Acting on behalf of the purchasers, Mr Poulengeris successfully negotiated with the vendor’s agents the purchase of this property for a price of £7,500,000.
Planning Permission was granted for part demolition and replace with a residential development of 15 flats 19 parking spaces and office space approx. 12,000 sq ft.
5. North Wharf Gardens, London W2
Land approx. 3.6 acres (15,000m²) with planning consent for a mixed use development (mainly residential) approx. 710,000 sq ft.
Mr Poulengeris having advised the purchasers and conducted all negotiations on their behalf, managed to secure the above site for £121 million.
Vendors: Westminster City Council
Purchaser: Amwaj Property Ltd, Bahrain
The purchasers appointed a team of consultants, including Hyde Park Agencies, to advise, prepare and submit new planning applications.
The land was divided in two parts (phase 1 and 2) and planning consent was granted.
Having acted again for the owner, Mr Poulengeris negotiated a sale for the first phase at a price of £62.5 million to Taylor Wimpey, with planning consent for 150 residential units.
Taylor Wimpey completed construction late 2016 and the flats were successfully presold.
Comprising of 335 residential units plus a 325 bedroom Hotel.
Phase 2 is under construction now and the flats are being marketed on plan.
Prior to commencing construction, the owners i.e. the clients of Hyde Park Agencies had refused offers to sell the land of Phase 2 in excess of £200 million.
6. Craven Hill Gardens, London W2
The property was bought by a Cyprus Regulated Fund, through Hyde Park Agencies in July 2015 for £8.55 million.
The planning permission was varied and improved and was sold recently, again by Hyde Park Agencies for £13.5 million.
The house has several private terraces and the largest (approx. 1500 sq ft) is on the ground floor with direct access to Hempel Square Gardens.