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News Release

London

Jones Lang LaSalle instructed to dispose of historic West End building in the heart of Central London


London, 9th July 2012 - Jones Lang LaSalle has been instructed to sell 7-10 Adam Street, London WC2 by James Stephen & Shay Bannon of BDO LLP, acting as Joint Receivers of Adam House Limited.  This iconic West End building nestled between Shell Mex House and The Adelphi, is currently occupied by a serviced office business and the Adam Street Club - a private members club for entrepreneurs and professionals.  The offices are accommodated on the upper floors whilst the members club is housed within the large vaulted basement spaces that extend out under Adam Street itself.

7-10 Adam Street is Grade II* listed and was originally constructed as four Georgian townhouses by Robert Adam, the founding father of Georgian architecture, between 1768 and 1774.  The buildings are steeped in history and the basement vaults of No. 8-10 Adam Street are rumoured to have been the base for the gang of thieves upon which Dickens based Fagin’s boys in his novel Oliver Twist.  Indeed, Dickens knew the area very well, having worked as a young boy packing boot blacking into pots just around the corner at Hungerford Steps (now Hungerford Bridge), before frequenting the area in later life as a journalist and author.

Jones Lang LaSalle are instructed to market the existing business and/or the freehold interests in the buildings which total 25,127 sq ft.

Will Grant, director at Jones Lang LaSalle commented: “This rare opportunity to purchase a Freehold interest in an iconic West End building will be of interest to investors and developers, as well as owner occupiers who will see this as the chance to acquire not only four architecturally stunning buildings but also a unique piece of London’s heritage and established trading businesses.”​