Wainbridge proposes to demolish the existing buildings on the site and to construct a new seven storey building to comprise offices on five floors and four flats on the upper floors.
The Jersey-based property investment manager purchased the long leasehold interests in the two buildings in July last year on behalf of its Wainbridge Global Opportunities London Limited Fund from a private investor for £9.25 million.
"Located only a short distance from Oxford Street, Alfred Place is extremely well positioned, and stands to benefit from the improved transport links and regeneration of the area around Tottenham Court Road station resulting from the construction of Crossrail," Wainbridge said in a statement following the purchase.
“This is a fantastic opportunity to redevelop dated, but well located, office buildings to create the kind of Grade A product that is in limited supply in this market, and will only be in greater demand when Crossrail is completed," Wainbridge co-founder Rob Rackind said.
