Brunswick Property Partners (BPP) has acquired two properties for a combined £40 mln (€45 mln) for Akoya, its new £1 bn London neighbourhood workplace venture.
BPP has acquired Carlson Court in Putney from the international business of Federated Hermes for £23 mln and 111-115 Salusbury Road in Queens Park from a private investor for £16.5 mln.
The acquisitions increase the size of Akoya’s portfolio to six properties with a value of around £200 mln.
Carlson Court, located on Wandsworth Park, is a 45,000 sq ft (4,180 m2) vacant office building with views over the Park and the River Thames. BPP will carry out a comprehensive refurbishment and extension of the property to deliver a high-quality neighbourhood workspace campus. The campus will include first-class amenities, including a restaurant, café, gym, extensive parking and cycle facilities.
111-115 Salusbury Road is a 29,000 sq ft Grade A office building, let to AMC Networks International, until June 2021. BPP intends to convert the building into multi-let office space, when the lease with AMC Networks International expires and to add a two-storey, 10,400 sq ft extension on the roof, for which there is planning consent.
BPP was advised by Montagu Evans at Putney and by Michael Elliott at 111-115 Salusbury Road.
Federated Hermes was advised by TT&G.
BPP launched Akoya in September to provide sustainable workplaces for creative businesses in London’s flourishing neighbourhoods.
