Brunswick Property Partners (BPP) has announced the launch of Akoya, a new platform focusing on sustainable workplaces for creative businesses in London’s neighbourhoods.
Akoya will meet the desire for workers in Greater London to work locally in the wake of the Covid-19 pandemic. It is a progressive workplace strategy, focusing on localism and a work-life balance for occupiers.
Akoya will target a portfolio size of at least £1 bn and will strive for a net-zero carbon portfolio. Its buildings will possess the very best digital platforms, as well as being physically connected to a range of transport choices that promote more flexible working practices.
The venture launches with four assets valued at £150 mln, including its flagship, Lonsdale Road in Queens Park, a road of workspace forming the heart of the surrounding community. The other three assets are NW Works, also in Queens Park, providing repurposed industrial space in an attractive gated setting; Power Road Studios in Chiswick, which provides innovative workspace set over four distinctive studio building and was acquired from Helical earlier this year; and Netil House in Hackney, a 48,000 sq ft building by London Fields, which provides office studios with lofty ceilings, cafés, restaurants, terraces and retail.
‘We believe that Akoya is being launched at an opportune time, with Covid accelerating the desire to work in local, neighbourhood workplaces rather than commuting into central London,’ said Will Amies, Founding Partner of BPP. ‘We believe in localism and work-life balance. Akoya properties stand for affordable, sustainable workplaces that are healthy and happy, supporting the communities where we invest.’
David Turner, founding partner of BPP, added: ‘With its clear and well-defined strategy, Akoya is able to make quick and considered investment decisions, as we actively grow the portfolio. Our ability to close transactions with cash and finance afterwards affords us the opportunity to offer sellers speed and certainty in what might be volatile market conditions in the near term.’
