New Thames riverbank home for ‘prestigious’ auction house
A major auction house has found a new home in a historic building in south west London as part of its plan to expand operations.
RM Sotheby’s has agreed to let a refurbished three-storey townhouse at Heron Square within the Richmond Riverside estate.
Originally built in 1716, Heron House was redeveloped in the 1980s, and comprises 3,133 sq ft of office space.
The auction house has agreed a ten-year lease on the entirety of the property, which is owned by Orchard Street Investment Management, moving from its New Bond Street base in the City while focusing on its European expansion.
Greg Anderson, chief operating officer - Europe at RM Sotheby’s, commented: “Heron House is a beautiful building with a grandeur and style that will complement the classic motor vehicles we plan to bring to auction and display in advance here.
“We look forward to making the most of our stunning new backdrop on the banks of the River Thames, as we continue to auction some of the world’s best investment-quality automobiles online amid the current pandemic.”
Jamie Munday, asset manager at Orchard Street, added: “Heron House is a striking and distinguished property both inside and out, and makes an ideal fit for the new home of such an esteemed auction house.
“RM Sotheby’s decision to relocate from prime central London to suburban Richmond represents a strong endorsement for the location, as well as the quality of office space on offer.”
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