Cora, Feldberg’s brown-to-green London workplace real estate impact fund, has acquired Ariel House for £29m (€35m).

The fund, focused on Central London assets, has acquired the 23,820sqft, eight-storey office building on Charlotte Street in Fitzrovia, with plans for upgrades, including replacing gas boilers with an electric heating system.

Ariel House is Feldberg’s third acquisition for Cora, following 8 Bloomsbury Street in Bloomsbury and 21-25 Bedford Street in Covent Garden, both of which are also being upgraded.

Luke Duckworth, fund manager at Feldberg, said: “Ariel House, Cora’s third acquisition, fits squarely with our strategy of creating sustainable, best-in-class workplaces in prime West End locations, benefitting from strong occupier demand and favourable entry pricing.

“Situated on Charlotte Street in Fitzrovia, the asset complements Cora’s recent acquisitions in Bloomsbury and Covent Garden, and offers significant asset management upside.”

To read the latest IPE Real Assets magazine click here.

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