The Story So Far

ALBION COURT ALBION PLACE HAMMERSMITH LONDON W6

The Property  Albion Court was built by Peel Investments Plc in 1990 and let into the then declining market. It was therefore badly let on a mixture of short, medium and long leases primarily to poor quality tenants. Some buildings were let in floors. We bought the development from Peel in an offmarket transaction by exchanging contracts within 10 working days of striking the deal.

The seven office buildings looked tired and unattractive; they are constructed around what was then a desolate central courtyard. The total floor area is 2,045 sqm/22,000 sqft.

Watts & Partners, building surveyors and architects, were commissioned to devise a high quality upgrade scheme, which was then implemented as and when we could obtain possession of a building. All 7 buildings have now been brought into the 21st Century.

The upgrade has produced an outstanding environment and included replacement of external doors and fanlights with full height solid doors, to create an impression of importance, raised floors with new carpet, suspended ceilings, top quality door furniture and lights and all the toys expected in a modern office building. The courtyard was cleared of unauthorised parking and filled with mature high impact landscaping.

The rolling programme of both external and internal upgrades is now complete, with most buildings let and occupied at improved rents and on improved leases.†Tenants include Harrison Parrott, SCI Intellogica and HCS.† More information at www.albion-court-w6.com.†

Why Buy?  The ability to upgrade both the buildings and the lease/rent profile in a strong demand location, one of the best in West London. Rents were around £120/130 per sqm £11/12 per sqft when we bought and now average £260 per sqm/£24 per sqft.

Thatcham   Thatcham
     
Albion Court   Albion Court
     
Thatcham    
     
Albion Court    

Contact Us

10 Knaresborough Place
Kensington
London SW5 0TG

Ivor A French FRICS
T 020 7244 4202
M 078 9999 1111
Email Ivor

David Coleman MRICS
T 020 7244 4214
M 079 5696 6677
Email David