The Perrodo family's London office, BNF Capital, teamed up with Morgan Real Estate and reached an agreement on terms to buy 27 Savile Row from CPI Property Group SA, say people who asked not to be identified because the discussions are private. The property once operated as a police station and is earmarked to be rebuilt as offices. One person said the guidance price for the site was around £100 million.
BNF Capital speaks for the Perrodo clan, a French billionaire dynasty that built one of Europe's biggest independent oil companies. Spokespeople for BNF Capital, Morgan Real Estate, as well as CPI Property Group, would not comment; the negotiations were earlier covered by Green Street News. LinkedIn posts indicate that BNF Capital teamed up with Morgan Real Estate on its Mayfair HQ on Hanover Square, as well as on at least three other London assets. The family, whose late patriarch Hubert Perrodo founded Perenco, has been broadening its bets into upscale property, as well as British pubs, venture investments and private equity.
CPI Property Group has been accelerating disposals after S&P Global Ratings pushed the company's debt into junk territory in 2024. The landlord faced another setback earlier this year when the rating was cut further to BB, even as it brought in €1.1 billion from disposals in 2025. The company is trimming leverage, and the Savile Row sale would be part of that push.
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Prime office space in central London is tight after years of muted development and higher construction costs. That squeeze has pushed West End headline rents up by 5 percent year over year to £183.38 per square foot by the end of June, Savills data shows. If the Perrodos lock down 27 Savile Row, they would be leaning into a part of the market where top-tier space is scarce and tenants are still willing to pay for quality. For everyday investors, it is a reminder that even in choppy times, location and grade can still command a premium.