100% OCCUPANCY ACHIEVED AT UK & EUROPEAN FARRINGDON BUILDING
Following a successful refurbishment and leasing campaign, UK & European Investments has completed the letting of the final available floor at 12 Cock Lane in Farringdon to Legal & General Affordable Homes. The letting achieves 100% occupancy at the building where occupiers include Barts Charity, Green Park Content and Doig + Smith.
The building, extending to 23,303 sq ft, was refurbished during 2017 to provide warehouse style office space, a fully refurbished reception, new cycling facilities, showers and lockers and a communal break out space for all occupiers within the building.
John Stacey, Asset Management Director at UK & European Investments said: “We’re delighted to welcome Legal & General to the line-up at 12 Cock Lane and this letting concludes another successful project for UK & European.”
“Our pro-active approach here has been influenced heavily by the growth of the co-working sector and the impact that has had on the leasing of suites under 5,000 sq ft.”
“By adopting a more flexible and occupier-focused approach and bringing forward a refurbishment of the building in line with occupiers’ needs, we have been able to achieve 100% occupancy in a challenging and evolving market.”
Rob Rooney, Director at BNP Paribas Real Estate said: “Identifying the changing requirements of SME occupiers, we were able to tailor our offering at the building. This helped attract a diverse range of occupiers, on competitive & flexible leasing terms that fitted in with our client’s long term strategy for this particular building.”
BNP Paribas Real Estate and Edward Charles & Partners acted for UK & European.
Notes to editors
UK & European Investments
UK & European is a Pan-European value-add real estate fund. The business invests and develops across all real estate sectors (commercial and residential), currently investing in 11 different countries with a particular focus on the UK, Germany, Spain, USA, France and Poland.
UK & European have a large income producing portfolio as well as many opportunistic investments and developments, the majority of investments are made directly, however, the business also undertakes joint ventures with specialist partners, particularly in geographies and sectors where they do not have in house capability. Whilst traditional property funds make decisions based upon a strict time horizon and strategy, the financial strength and private ownership of LTG allows UK & European to make flexible investment decisions based on real estate fundamentals and therefore will take both long and short term views in core plus and opportunistic real estate.
UK & European is headquartered in London with local offices in Spain, Poland and the US. For further information, please visit www.ukandeuropean.com UK & European is privately owned and part of the Lewis Trust Group. The Lewis Trust Group is a large privately owned group with interests in fashion retail, fund management, hotels and private equity.