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Acting as Development Managers we gained planning permission to increase the NIA by 56% by adding three additional storeys.

Working with a local occupier, and to a tight timeframe, the building was delivered on time and on budget.




Investment overview

  • Sector: Office
  • Project type: Redevelopment
  • Purchase Date: 2014
  • Purchase Price: £13,250,000
  • Entry Rent psf: £27.50
  • Capex: £14,800,000
  • Sale Date: 2017
  • Sale Price: £41,000,000
  • Exit Rent psf: £54.00
  • IRR: 25%