Case Studies

Case Studies

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Evermore, EC4

We acquired this 56,814 sq. ft. office building with ground-floor retail in March 2024 in partnership with Baumont Real Estate Funds. We have plans to implement a wholesale “brown to green” business plan. We are committed to transforming the property through a sustainability-led refurbishment programme and are implementing a series of upgrades to enhance energy […]
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One Bessborough Gardens, Westminster

We arranged the purchase of One Bessborough Gardens by Firethorn Trust in 2024 and we are working closely with Firethorn to bring forward the redevelopment to provide high value residential apartments for sale. It is located around 200m from Pimlico underground station and close to The Tate and the river Thames. The eastern elevation has […]
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Miles Buildings, Marylebone

We acquired two unbroken Victorian blocks in Marylebone, Central London for around £25 million, in partnership with Heitman in 2022. The blocks comprise 70 one and two bedroomed apartments in a courtyard setting. The buildings were in a poor state of repair on acquisition, and we are undertaking a comprehensive refurbishment at a cost of […]
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10 Fleet Place, EC4

Since 2021, we have been implementing a refurbishment plan at 10 Fleet Place, a 186,000 sq. ft. high-quality air-conditioned office building, completed in 1991 and designed by Skidmore Owings & Merrill, on behalf of an Asian Family Office. The building is multi-let and we have been improving the building’s environmental credentials by undertaking a programme […]
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London Estates Portfolio

Between 2019 and 2022, and in partnership with BauMont Real Estate Funds, we acquired three residential portfolios in Greater London, totalling over 700 houses and apartments and costing around £137 million. The properties are mostly Victorian and Edwardian and are let on ASTs, in zones 3-6 with clusters in Croydon, Crystal Palace, Walthamstow, Barking and […]
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Headingley Park, Leeds

This 5.5-acre park comprised five office buildings built in the 1980s in a mature landscaped setting. Prince Charles and Diana opened one of the buildings in 1981. Over the past 10 years, we have used permitted development rights to convert all five buildings to residential apartments for rent on a phased basis. Headingley Park now […]
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Kaleidoscope, EC1

This modern 88,581 sq. ft. office building, located above the Farringdon East Elizabeth Line Station, offers stunning views over Smithfield Market. The building is fully let to TikTok on an effective FRI lease for a term of 15 years, starting from 5th March 2021, with a tenant-only break option in year 10 and rent reviews […]
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One New Street Square, EC4

The 276,502 sq. ft. Deloitte headquarters building boasts an EPC Grade B and a BREEAM rating of Excellent for its base build construction. We are actively in discussions with the tenant to further enhance the building’s ESG credentials, ensuring it continues to meet the highest sustainability standards. We are also in talks with the freeholder […]
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Charter Walk, Burnley

Charter Walk Shopping Centre comprises of 358,700 sq. ft. of retail accommodation and makes up most of the retail in Burnley town centre. We initially acquired it in partnership with a fund managed by Tristan Capital Partners in 2011. It was subsequently sold to Burnley Borough Council in 2021. We continue to work as asset […]
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Alperton, North West London

We entered a joint venture to assemble a large site in North West London with Europa Capital. The land assembly included c.15 separate ownerships with industrial land use. The land was identified as a strategic site for future residential use in the Mayor’s London Plan. We subsequently obtained planning approval for 684 new homes, including […]
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Velocity Village, Sheffield

In 2016, we acquired Velocity Village in Sheffield city centre for £36.75 million, in partnership with funds managed by Europa Capital. The Village included 40,000 sq. ft. of offices and 444 apartments, mostly let to students. We sold a mixed-use block of offices and 83 residential units. We then took over the property management and […]
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One Lampton Road, Hounslow

We acquired One Lampton Road in Hounslow in 2018 for £21.5 million in joint venture with funds managed by Europa Capital. The 122,000 sq. ft. mixed-use property comprised office and retail space, with permitted development rights to create 115 residential units. We undertook the redevelopment and created new studios, one and two-bedroomed apartments. The apartments […]
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Merlin, South West London

In 2018, in partnership with Europa Capital, we acquired 202 units for around £45million. The granular portfolio was comprised of Victorian rental properties primarily located across South West London, in the boroughs of Lewisham, Wandsworth, and Lambeth. We have actively managed the properties to improve rental and capital values over a five-year period. The value […]
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Carew House, Wallington

Carew House is located adjacent to Wallington railway station, between Croydon and Sutton, and provides 46,000 sq. ft. of air-conditioned offices. At acquisition, Homebase was holding over on two floors and the remainder of the building was vacant. We renewed the leases to Homebase on a short-term basis and completed lettings to an NHS Trust […]
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Queens Arcade, Cardiff

Queens Arcade was acquired as part of a portfolio in partnership with funds managed by Tristan Capital Partners. Queens Arcade is a covered shopping centre spanning 147,740 sq. ft. built in the early 1990s. It connected directly to St David’s, which offers an additional 1.42 million sq. ft. of modern retail space and a 2,000-space […]
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The Harvey Centre, Harlow

We purchased the Harvey Centre and Little Walk mall in Harlow town centre in joint venture with funds managed by Tristan Capital Partners. The shopping centre comprises of 430,000 sq. ft. and Little Walk and adjacent land holdings comprised another 146,000 sq. ft. Under our management we repurposed vacant first and second floor accommodation above […]
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50 Bank Street, Canary Wharf

This property is a high-quality air-conditioned office building of 215,000 sq. ft. completed in 2002 in the heart of the Canary Wharf estate. The principal tenant was The Northern Trust Company, AA rated by Standard & Poor’s on a lease which was due to expire in March 2022. In the first quarter of 2020, we […]
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Union Square, Torquay

We acquired this freehold shopping centre of around.117,000 sq. ft. in a mixed-use portfolio. We managed this discount retail centre from 2014 until its disposal to the Council in 2021. The shopping centre is a single storey scheme which remained resilient through the pandemic with a strong core of “essential retailers” who remained open including […]
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111 High Street, Cheltenham

This retail block, adjacent to the new John Lewis in Cheltenham city centre, was acquired as part of a portfolio. We re-purposed the 20,000 sq. ft. three storey retail building into contemporary ground floor only retail, with offices on the floors above overlooking a new internal atrium courtyard. We let half of the ground floor […]
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Lakenheath, Suffolk

In 2014, we acquired, in partnership with funds managed by Europa Capital, 474 houses in an estate in Lakenheath, Suffolk for £53 million. The single-family housing was let to United States Air Force (USAF) for a further five years with 20% of the houses to be handed back to the owner each year. As the […]
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Waterside, Leeds

In 2013, in partnership with Carval Investors European Real Estate Fund II, we acquired Waterside, Leeds for £16.3 million. The property comprises two residential apartment blocks of 183 one, two and three bedroomed apartments. The property was fully occupied on acquisition. We carried out essential repairs and made improvements to the entrance halls and common […]
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Northern Quarter, Leeds

We acquired, in a portfolio, a terrace of 1980’s offices which were mostly vacant and in a neglected neighbourhood in central Leeds. We obtained planning under permitted development rights to convert the terrace into 16 two and three bedroomed houses. We undertook the conversion, and the houses were successfully sold to owner occupiers with capital […]
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55 Queens Street, Sheffield City Centre

This property was acquired in a portfolio. In 2018, we successfully completed the conversion of a 17,800 sq. ft. Victorian office building in the Cathedral Quarter of central Sheffield, into 24 apartments, with seven parking spaces. The property was held in a joint venture with Europa. The property is in a conservation area and benefitted […]
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Project Gorse, UK

In 2013, in partnership with Carval Investors European Real Estate Fund II, we acquired Waterside, Leeds for £16.3 million. The property comprises two residential apartment blocks of 183 one, two and three bedroomed apartments. The property was fully occupied on acquisition. We carried out essential repairs and made improvements to the entrance halls and common […]
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Aireside House, Leeds

We bought Aireside House as part of a portfolio. It is a Victorian mixed-use building close to the main train station with 9,300 sq. ft. of offices on ground and three upper floors. We implemented a rolling refurbishment of the office floors to provide contemporary studio/office space and re-let to local media and tech companies. […]
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6 Dowgate Hill, EC4

We acquired this property with vacant possession as part of a portfolio with funds managed by Tristan Capital Partners and fully refurbished it to a high standard including installing a new lift, air conditioning, ceilings and lighting, WC’s and redecorating throughout. We negotiated a new 150-year lease from the Worshipful Company of Tallow Chandlers at […]
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Harmsworth House, EC4

We purchased Harmsworth House as part of a portfolio with funds managed by Tristan Capital Partners. The property is multi-let with 62,000 sq. ft. of offices. The building was fully let at purchase with rents averaging £27 per sq. ft. compared to an estimated rental value of around £40 per sq. ft. The building was […]

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