Location: Ealing
Size: 50,000 sq ft
Type: Office
Exit: Sold to Aviva Investors for 4.9%.
Partner: MREFIII c/o Moorfield

Description

A 50,000 sq. ft. single let 1990’s office in need of refurbishment.

Objectives

  • Reposition a prominent headquarters office building into a prime west London asset.
  • Create a multi-let product, with striking reception and breakout space.
  • Full replacement of M&E, lifts & WCs.
  • Increased rental tone from a passing rent of £25.00 per sq. ft. to £43.00 per sq. ft. on exit.
  • Capital expenditure programme of £4.4m.