London property investor Westminster Real Estate has purchased the St Pancras Commercial Centre on behalf of clients for €34 mln from CBRE Global Investors.
The property is located on Pratt Street in the London Borough of Camden. Cushman & Wakefield advised the buyer.
'St Pancras Commercial Centre offers an excellent opportunity. King’s Cross is fast becoming one of the most innovative places to work, shop and live in London, with significant development taking place over the last couple of years, and is becoming an entrepreneurial hub for media and tech businesses,' commented Sean Howes, international partner at Cushman & Wakefield.
Built in the early 1980s, the property comprises twelve light industrial units (totalling 29,138 ft2 or 2,800 m2) and arranged in two terraces. The property sits on a site in excess of 1.2 acres (0.5 ha) and is within a 10 minute walk of transport links at Camden Town. Kings Cross and St Pancras stations are within a mile of the site.
Cushman & Wakefield advised Westminster Real Estate. BNP Paribas advised CBRE Global Investors.
