LOCATION

London

PROJECT TYPE

Prime Commercial & Wealth Preservation

Prime London site was secured in 2002 for £11.2m and sold to a UK REIT for £21.755m in 2013.

The asset experienced tremendous growth over 10 years while riding the 2008 recession. Prior to implementing the sale, B&S has increased the amount of space let to the anchor tenant, a leisure facility let to part of Rank plc. Ultimately this increased the audience for purchase since the covenant surety was improved.