Investment firm Mago Capital has acquired the Notting Hill Gate Estate from Frogmore and Morgan Stanley.
The cluster of retail and office assets located near Notting Hill Gate station were brought to market for £180m by JLL.
The investment firm, whose board includes Eastway Estates, the investment arm of Prideview Group, is targeting up to £1bn in additional investments across London over the next 12 to 24 months.
Jesal Patel, from Prideview Group, said: “We’ve always believed in the long-term value of prime London real estate, and this deal reinforces that. We were able to move quickly alongside Mago Capital to secure an exceptional portfolio in one of the city’s most iconic locations. With over £200m worth of Central London deals done in 2025 it’s been a standout year and we’re keen to acquire more assets like this.”
Ed de Stefano, from Tydus Real Estate, which advised on the transaction, added: “The Notting Hill Estate provided a fantastic opportunity to acquire a 100% prime, recently redeveloped, mixed-use estate, in one of central London’s most affluent submarkets. The estate has secure WAULT of eight years let to the likes of McDonald’s, Tesco & M&S, but also provides numerous asset management opportunities in the short- to mid-term with an average office rent of just £63.50/sq ft and high demand for the retail units.”
Legal representation was provided by Freedman + Hilmi with Brotherton also playing a key role in the process. JLL, Goodwin Procter (UK) and CMS advised the vendor.
