US investor Cain Hoy buys historic Mayfair block for £80m

Kasmira Jefford
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South Audley Street is home to Royal Warrant holder Thomas Goode's silver and china shop (Source: Cain Hoy)

Cain Hoy, US investment firm backed by Guggenheim Partners, has snapped up a historic building in one of Mayfair's luxury shopping streets for £80m.

The five storey terracotta building at 19 South Audley Street dates back to 1845 and is best known for housing china and silverware retailer Thomas Goode's emporium since that time. It also has offices and flats on the top floors.

It was previously owned by Lord Rumi Verjee, the entrepreneur and former co-owner of Watford FC, who was responsible for bringing Domino's Pizza to the UK in the 1980s.

Cain Hoy has been an active player in London's property market since it was established almost three years ago – and even fleetingly considered buying Tottenham Hotspur in 2014. Jonathan Goldstein, Cain Hoy's chief executive is an avid Spurs fan.

The company is part of a consortium delivering The Stage, a £750m mixe-used develoment in Shoreditch on the site of Shakespeare's 16th century Curtain Theatre.

It is also turning an Edwardian former Royal Mail sorting office in Islington into a £400m luxury development in joint venture with Sager Group and has also provided £390m of financing to Almacantar for its office development in London's Shell Centre.

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