Bourne Capital is looking to sell a stake in its £300m Queensway Estate in Bayswater, W2.
The family owned investor is looking at offloading up to 49% of the 163,719 sq ft estate after receiving several offers from Asian investors, which valued a stake in the estate at in excess of £155m.
Bourne Capital has been in discussions with Westminster City Council over regeneration proposals for the estate, including the reconfiguration and refurbishment of retail units, which make up 41% of the estate and three new residential buildings housing 63 luxury homes, as well as two office developments to provide more than 52,000 sq ft of workspace.
The firm also owns 132,282 sq ft in Waterloo, SE1, including six office buildings.
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