Location: Milton Keynes
Size: 150,000 sq ft
Type: Office/Retail
Exit: Sold to BlackRock UK Property Fund for £34.85m in November 2014.
Partner: BE MK 1 LP c/o Benson Elliot Capital Management LLP
Description
150,000 sq ft office and retail development in central Milton Keynes.
Objectives
- Rebrand of property.
- Refurbishment 90% of office accommodation, receptions and common parts. 70,000 sq ft of lettings showing a rental tone increase of more than 20%.