Complete transformation of 1992 office building in a prominent location near Heathrow. Pre-Let and immediate sale, producing significant outperformance.
Transformation of Office Headquarters
Complete transformation of 1992 office building in a prominent location near Heathrow. Pre-Let and immediate sale, producing significant outperformance.
Complete refurbishment and extension of 94,000 sq.ft.office building in prominent location near Heathrow, to enhance and reposition the asset as a modern, Grade A headquarters.
Location: Stockley Park, Heathrow, London
Investment type: Office
Investment partner: Europa Capital
This extensively refurbished and extended building was pre-let before completion of works to a globally recognised covenant on a 10 year lease. It proved an attractive proposition to a number of investment companies and was subsequently sold to Henderson Investors, generating a 40% IRR.
