Global investment firm Sidra Capital has sold the 33,000 sq ft 4-5 Buckingham Gate office building to the Italian government for its new embassy for an undisclosed price.
Sidra Capital acquired the Grade II-listed freehold property, which is located directly opposite Buckingham Palace, in 2021 and undertook a two-year refurbishment of the building’s interior and exterior to bring the asset up to an EPC A rating. As part of the refurbishment and repositioning programme, the property has been rebranded as ‘The Palace Gate’.
Ghassan Soufi, vice chairman at Sidra Capital, said: “This milestone reflects Sidra Capital’s global expertise and ability to navigate the complexities of this critical sector.”
Jesdev Saggar, managing director, head of UK office at Sidra Capital, added: “We are proud to have played a pivotal role in transforming this Grade II listed site into an EPC A landmark opposite Buckingham Palace.”
