Fund manager Benson Elliot has sold a grade A office building in the UK town of Ealing to Aviva Investors and completed the forward sale of 1-8 The Broadway – also in Ealing – to Pramerica Real Estate Investors.

Fund manager Benson Elliot has sold a grade A office building in the UK town of Ealing to Aviva Investors and completed the forward sale of 1-8 The Broadway – also in Ealing – to Pramerica Real Estate Investors.

The combined sale price of the twin disposals is over £100 mln (€126 mln).

Benson Elliot acquired office complex Ealing Cross in June 2013 and carried out a refurbishment of the 133,400 sq ft (12,400 m2) building’s common areas shortly after. In addition, it secured planning permission to more than double parking provision and, in November 2013, rolled out a new marketing and letting strategy.

Benson Elliot subsequently secured five new tenants, increasing occupancy at Ealing Cross from 68% to 93%.

The £37.4 mln sale of 1-8 The Broadway was agreed in January this year and its completion follows the redevelopment of the former Arcadia shopping centre.

Trish Barrigan, Benson Elliot 's senior partner, said: 'On Ealing Cross, the property’s strong letting performance and an unsolicited approach persuaded us to exit earlier than planned, but we’re confident Aviva will be good stewards of this prime asset going forward.'

Strutt & Parker and GCW advised Benson Elliot on the sale of 1-8 The Broadway, while JLL advised on the Ealing Cross transaction.