The property was comprehensively refurbished to Grade A specification in 2013. The refurbishment included double height reception and a new mechanical and electrical services throughout. The building has a BREEAM rating of ‘Very Good’.
PURCHASE
The property was acquired by Ediston in October 2014 for £19.5m reflecting a net initial yield of 6.58%.
ACHIEVEMENTS
- Secured Babcock Corporate Services Limited on the fourth floor at £29.00 per sq. ft. per annum, a record rent for the property.
- Sold for £20.5 million, in August 2017.
