Size: 109,000 sq ft
Exit: Sold to Slough Borough Council for £40M
Partner: LRE Capital
109,000 sq ft office development in Slough.
- 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.