2 Roundwood Avenue, Acquired for £18million

By May 1, 2013News

Two Roundwood Avenue Acquired for circa £18 million

Cordatus Real Estate proudly announce their partnership with Europa Capital on  the purchase of Two Roundwood Avenue, Stockley Park. The office building was acquired from Phoenix Life Assurance Limited.

The asset is prominently situated in the business park, which is located two miles north of London’s Heathrow Airport and 15 miles west of Central London. The property comprises 93,563 sq. feet (8,692 sq. metres) of office accommodation. The property is currently let to Hasbro and Gilead Sciences.

Cordatus will employ their specialist Asset and Development Management skills, which will include works to improve the quality of the accommodation.

Gavin Munn, director at Cordatus Real Estate, noted, “In an increasingly ‘asset specific’ market, we believe this acquisition represents an exciting opportunity to capitalise on the impending space shortage within the Thames Valley and we look forward to working with Europa Capital on this project.”

Europa Capital and Cordatus Real Estate were advised by Lambert Smith Hampton. BNP Paribas Real Estate advised Phoenix Life Assurance Limited