Recent Transactions
The Johnson Building Estate
Harris Associates purchased The Johnson Building Estate off-market from Derwent London PLC on behalf of clients ARAX properties Ltd for £170m.
The asset is a substantial 194,000 sq ft office campus, comprising of five statement buildings arranged around a central courtyard. In the heart of Clerkenwell, The Estate is situated on the famed thoroughfare of Hatton Garden.
Blackhorse Tower, Cockfosters
Harris Associates purchased Blackhorse Tower off-market from Federated Hermes for £34m on behalf of a private family office. They are developing the site into a PD residential scheme, a significant new offering for the North London area.
The asset comprises of 120,000 sq ft of existing offices bought with vacant possession.
Active Sales
Classic and Bentima House
A prime Shoreditch freehold office investment and further development opportunity, Classic and Bentima House boasts a combined 91,600 sq ft on a prominent corner site of 0.521 Acres.
The investment has various asset management and development opportunities including implementing the existing planning consent to extend Classic House, creating an additional 13,541 sq ft or a longer-term potential redevelopment of the site to create an eight-storey scheme of 145,000 sq ft.
Offers in excess of £87,500,000 which reflects a net initial yield of approximately 5.0%.