Brunswick Property Partners (BPP) has acquired 163-203 Eversholt Street in London’s Kowledge Quarter for £110 mln (€132 mln) for Akoya, its £1 bn London neighbourhood workplace venture.
Akoya will reposition the asset known as The Eversholt, giving the building a new identity, with wellness and sustainability at its heart.
Located in close proximity to Kings Cross St Pancras and Euston stations, this Grade II listed freehold office property was built in 1840 with five metre floor to ceiling heights. Formerly the Euston Station ticket hall, it now comprises 110,853 sq ft (10,300 m2) of office space spread across three adjoining buildings and multi let to 11 tenants, including technology companies Gentrack and Wildbrain and fashion brands Hobbs and Whistles.
This acquisition brings the Akoya portfolio to eight properties, with a value of £350 mln.
Jamie Acheson, senior director at Brunswick Property Partners, said, ‘This acquisition represents a significant opportunity to refurbish an impressive listed building, in an exciting emerging occupational market with strong structural growth prospects.’
David Turner, founding director at Brunswick Property Partners, said, ‘Our Akoya workplace portfolio continues to perform well, reinforcing our commitment to make significant new acquisitions in London’s office market, where we continue to see value.’
BPP was advised by Allsop and Shoosmiths. Knight Frank advised the seller.
