Location: Slough
Size: 109,000 sq ft
Type: Office
Exit: Sold to Slough Borough Council for £40M
Partner: LRE Capital

Description

109,000 sq ft office development in Slough.

Objectives

  • Planning permission secured to completely reposition the property. Turning it into a modern, Grade A, 105,000 sq ft town centre office building with excellent car parking.
  • Comprehensive redevelopment to increase massing of an existing office to deliver a grade A building comprising 110,000 sq. ft.
  • A dated 1980s office building bought for £11,000,000 (£132.00 per sq. ft.)
  • Achieved vacant possession, secured planning and secured finance.
  • £19,300,000 capex budget to increase massing and add new floors.