Mayfair Limited Partnership, the joint venture between Europa Fund, Apollo Real Estate Advisors and Portfolio Holdings, has sold 25-27 St George Street in Mayfair for £62.55m

The property, which provides 34,500 sq ft (3,200 sq m) of office space over seven floors, was acquired by Morley Fund Management for in an off-market deal on behalf of pension fund client GP Nominees.

It includes five luxury apartments situated on the sixth and seventh floors and separately entranced on St George Street. The fourth and fifth office floors comprising 9,500 sq ft (883 sq m) were leased to Apollo Management International in May.

Erik Ruane, development director of Europa Capital Partners, exclusive advisors to Europa Fund, said: ‘Although Mayfair had no plans to sell at this juncture, the unsolicited proposals from Morley and others persuaded us to consider doing so.’

Strutt & Parker advised Mayfair Limited Partnership and GVA Grimley advised Morley Fund Management.