Chelsfield Covid-19 Update

News 30th March, 2020 in USA, Europe, Asia

At Chelsfield, the health and welfare of our employees is a priority. In light of the increasing number of cases of COVID-19, and in line with national government guidance, our employees in London, Paris, New York, Hong Kong, Shanghai and Singapore are working from home. We continue to operate our business as usual while monitoring and following the advice of the relevant national governments. During this time, we’ll keep you updated on our news and activities from across our offices on LinkedIn.

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550 Madison Avenue, Chelsfield Returns to the US

News 6th May, 2016 in USA

Chelsfield, in partnership with Olayan America, purchased the iconic Manhattan building. Known as the Sony building until now, it had only changed hands on two occasions since its built in 1984 for AT&T – to the Sony Corporation in 2002 and in 2013 to the Chetrit Group, the immediate past owner.

“We are delighted to partner once again with Olayan on a trophy property in a world-class city,” said Elliott Bernerd, founder and joint Chairman of Chelsfield in 2016. “We are especially pleased that after our 15-year absence, Olayan America facilitated our return to the U.S. market as asset manager of this iconic property.”

The property is effectively 100 percent vacant, currently occupied by one restaurant tenant holding 5,000 sqft. This provides Chelsfield and Olayan an opportunity to rebrand the building and create value by renovating and reconfiguring the existing space.

“The property has been maintained to a high standard and has never previously been available to the open market for office leasing,” said Tony Fusco, head of Real Estate at Olayan America in 2016.

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