Strategic acquisition
252 bouverie square

FOR BARWOOD CAPITAL

Opportunistic acquisition of a 23,000 sq ft office headquarters in a 100% prime location with short unexpired lease term, and the need for a full refurbishment.

What we did

  • Identified a strategic acquisition opportunity for Barwood Capital Limited.

  • Acquired the building in competitive bidding situation

  • Our building surveying team negotiated the dilapidations settlement with outgoing occupier

  • Advised on refurbishment specification and market positioning

Result

  • Acquired at best value to enable future capital expenditure

  • Dilapidations settlement set against refurbishment cost

  • Substantial capital value uplift of £4m

  • Full refurbishment now complete to Grade A specification

  • Best in class product now available for lease at highest quoting rental in Milton Keynes for existing building

  • Completed detailed discussions with several potential occupiers

£4m

uplift in value

 

 Capture 2

 

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