Executive Office Group Opens New Location at 67 Grosvenor Street

"Other landlords take note. The Duke of Westminster rarely makes a bad decision and he seems to like serviced offices," Jonathan Price said.

Executive Office Group has launched 67 Grosvenor Street, a serviced office location in London's prestigious Mayfair. This opening comes in good timing as executive suites in prime London locations have been reported to be in deep shortage. Owned by international property company Grosvenor, this new office space offers serviced offices, meeting rooms, virtual offices and Club Lounge facilities. The offices are within a newly refurbished period property as the site was originally built in 1723. The new offices are complemented by the traditional setting, which offers grand architecture and a secluded private garden.

In a recent press release, Investment Director at Grosvenor Lauren Buck said, "Serviced offices are a key growth area for our portfolio, illustrated by the level of interest already shown in the launch of 67 Grosvenor Street, with 20% pre-let. Our relationship with EOG has proved very successful over the past year – allowing our clients to manage their businesses, while we manage their office space and reduce the everyday hassle often associated with it."

CEO Executive Offices Group Peter Allport said, "The high level of pre-let office space achieved at 67 Grosvenor Street is testament to the demand for high quality, flexible office space in the capital. Serviced offices offer businesses a prestigious office address on a cost effective, flexible basis."

Officing Today's Finance Editor Jonathan Price comments, "The Grosvenor Estate is one of the UK's most successful and most conservative landlords. It is thus noteworthy to see with what enthusiasm Grosvenor has taken to serviced offices. It is now over seven years since Grosvenor established the first serviced office joint venture in one of its prime, Mayfair buildings meaning that it has seen both good and bad years. The experience has obviously been a rewarding one as it is putting another piece of prime property into EOG's hands to manage.  

"Other landlords take note. The Duke of Westminster rarely makes a bad decision and he seems to like serviced offices."