Perrodo Family Office Nears Purchase of Savile Row Property in London

BNF Capital, the family office of French oil heirs, is partnering with Morgan Real Estate to buy 27 Savile Row from Czech landlord CPI Property Group.

By the Family Office Real Estate Daily Desk·Sunday, September 6, 2026·1 min read

Editorial summary of reporting byBloomberg Our editorial standards →

The answer · checked against Bloomberg

Which family office is buying 27 Savile Row and who is the seller?

BNF Capital, the London-based family office of the Perrodo family — billionaire heirs behind one of Europe's largest independent oil companies — is nearing the purchase of 27 Savile Row in London's West End, according to Bloomberg. BNF Capital is partnering with Morgan Real Estate on the deal, buying from Czech landlord CPI Property Group SA, which is seeking to reduce debt. Terms have been agreed, though final pricing has not been disclosed.

Key facts

BNF Capital, the London-based family office of the Perrodo family, is close to acquiring 27 Savile Row in London's West End, according to Bloomberg.
BNF Capital is partnering with Morgan Real Estate on the acquisition, with BNF Capital identified as the lead investor in the transaction.
The seller is CPI Property Group SA, a Czech landlord that is looking to reduce debt, according to Bloomberg.
People familiar with the matter told Bloomberg that terms have been agreed, indicating the deal is in advanced stages.
Final pricing details for the 27 Savile Row transaction have not been disclosed, according to Bloomberg.
The Perrodo family are described by Bloomberg as billionaire heirs behind one of Europe's largest independent oil companies.

Perrodo Family Office Nears Purchase of Savile Row Property in London — Image: editorial illustration · Story sourced from Bloomberg

The Perrodo family, billionaire heirs behind one of Europe's largest independent oil companies, are close to acquiring a property at 27 Savile Row in London's West End. The purchase is being executed via their London-based family office, BNF Capital, in partnership with Morgan Real Estate. BNF Capital is the lead investor in the transaction.

The seller is CPI Property Group SA, a Czech landlord looking to reduce debt. People familiar with the matter say terms have been agreed, suggesting the acquisition is in advanced stages. Final pricing details have not been disclosed.

The deal fits a broader pattern of wealthy families targeting prime London assets during a period of market dislocation. Ultra-high-net-worth family offices have continued to pursue trophy commercial real estate in global gateway cities. Institutional buyers have remained more cautious in the same market.

Savile Row sits in London's West End, a submarket that has traditionally commanded premium pricing for commercial property. The street is known for its concentration of bespoke tailoring firms and retail tenants. Prime West End assets have seen transaction volume contract as financing costs have risen and valuation expectations have diverged between buyers and sellers.

The Perrodo family's oil business has generated substantial private wealth that the family office now deploys across asset classes. BNF Capital's willingness to partner with Morgan Real Estate on this transaction suggests the family office is pursuing co-investment structures rather than sole ownership for larger commercial deals.

CPI Property Group's motivation to sell aligns with a broader trend among European property groups that expanded aggressively during the low-rate era. The firm is now reducing debt as refinancing has become more expensive. That dynamic has created selling opportunities for capital sources with less leverage pressure.

The Deployment Angle

Family Office Real Estate Daily Desk · our analysis, not the source's

This transaction favors a co-GP or co-investment route alongside an established sponsor rather than direct ownership. The Perrodo family office is partnering with Morgan Real Estate, not buying solo, which reflects the typical structure for a single-asset West End acquisition by a family office without a London operating platform. Co-investment allows the family to access underwriting expertise, property management, and local market intelligence without building that infrastructure internally.

The arithmetic works because the seller is debt-constrained. CPI Property Group is divesting to reduce leverage, not because the asset is distressed. That means the buyer is likely getting modest valuation concessions but inheriting a stabilized property with occupancy and lease structures intact. A family office should underwrite current income and the cost of near-term leasing risk, not deep repositioning or speculative redevelopment, which this story does not suggest.

Prime West End retail and office have compressed in transaction volume as institutional allocators have paused. That is the opportunity. Family offices with unlevered or lightly-levered capital can move quickly and avoid the committee delays that have frozen institutional deployment. Price for re-leasing downtime if tenants depart, but also price in the scarcity value of freehold or long-leasehold assets on a marquee street. Avoid assuming that institutional bid will return at higher prices within a two-year horizon.

Questions this story answers

01Who is buying 27 Savile Row in London?

BNF Capital, the London-based family office of the Perrodo family, is the lead investor purchasing 27 Savile Row. BNF Capital is executing the acquisition in partnership with Morgan Real Estate, according to Bloomberg. The Perrodo family are billionaire heirs behind one of Europe's largest independent oil companies.

02Why is CPI Property Group selling 27 Savile Row?

CPI Property Group SA, a Czech landlord, is selling 27 Savile Row as part of an effort to reduce debt, according to Bloomberg. The deal fits a broader pattern of wealthy families targeting prime London assets during a period of market dislocation, Bloomberg reports.

03What is the purchase price for 27 Savile Row?

Final pricing details for the 27 Savile Row transaction have not been disclosed, according to Bloomberg. People familiar with the matter told Bloomberg that terms have been agreed, indicating the deal is in advanced stages, but no specific price has been reported.

04What is BNF Capital and who controls it?

BNF Capital is the London-based family office of the Perrodo family, who are billionaire heirs behind one of Europe's largest independent oil companies, according to Bloomberg. BNF Capital is identified as the lead investor in the acquisition of 27 Savile Row in partnership with Morgan Real Estate.

05Are family offices still buying trophy commercial real estate in London despite institutional caution?

Bloomberg reports that the Perrodo family's near-acquisition of 27 Savile Row underscores ultra-high-net-worth family offices' continued appetite for trophy commercial real estate in global gateway cities, even as institutional buyers remain more cautious. The deal fits a broader pattern of wealthy families targeting prime London assets during a period of market dislocation.

Browse every question the desk has answered →

Original reporting

Bloomberg

Read the original at Bloomberg →

family-officelondonwest-endco-investmentprime-retail

Peer Network · By Invitation

The Thesis Exchange

Share an investment thesis in confidence. We pair you anonymously with up to two other family offices running adjacent strategies. Reviewed by Gallium's editorial team. No vendor pitch.