Farringdon, london, ec1

Located less than 100m from the new Farringdon Crossrail Station, this building was purchased in a joint venture with Investec Bank in July 2019. It benefitted from an existing planning consent to add a floor and a rear extension to provide Grade A office and showroom space.

We have since secured an enhanced planning consent which has allowed us to significantly improve the internal configuration and create additional space, thereby increasing the value of the finished building. With a 40 week build program commencing in November 2019, this 14,500 sq ft scheme will be ready for occupation in September 2020.

Purchase Date

July 2019

Purchase Price

£8.7m

Projected Cost

£7.4m

Total

£15.8m

Investor Equity

£6.3m

Projected GDV

£20m

Levered IRR

24.6%

Projected