Brockton/Landid jv sells final part of office portfolio
The joint venture between Brockton Capital and Landid has sold off the last three buildings that made up its Western Corridor office portfolio for £285m to Spelthorne Borough Council, ending its five-year-long partnership.
The 545,000 sq ft portfolio includes the Thames Tower in Reading, the Charter Building in Uxbridge, and the Porter Building in Slough (pictured above).
Tenants in the buildings include Ericsson, Orange, HSBC, Lavazza, MBNL, Fiserv, BDO, Pret A Manger, Clarkslegal, Austin Fraser, and the Make-A-Wish Foundation.
The joint venture between Brockton Capital and Landid has sold off the last three buildings that made up its Western Corridor office portfolio for £285m to Spelthorne Borough Council, ending its five-year-long partnership.
The 545,000 sq ft portfolio includes the Thames Tower in Reading, the Charter Building in Uxbridge, and the Porter Building in Slough (pictured above).
Tenants in the buildings include Ericsson, Orange, HSBC, Lavazza, MBNL, Fiserv, BDO, Pret A Manger, Clarkslegal, Austin Fraser, and the Make-A-Wish Foundation.
The buildings also provide a combined 70,000 sq ft of flexible co-working space, operated by Fora at Thames Tower and Spaces at the Charter Building and the Porter Building.
Landid will remain as the asset manager of the buildings.
Take a look inside the Porter Building
Brockton Capital and Landid joined forces in 2013, targeting refurbishment and redevelopment opportunities along the Western Corridor.
Trevor Silver, chairman at Landid, said: “Our vision has always been to create characterful workplaces that provide an exceptional experience for the tenants. These three buildings epitomise that approach.”
[caption id="attachment_939193" align="aligncenter" width="847"] The Charter Building, Uxbridge[/caption]
Tony Edgley, partner at Brockton Capital, added: “The sale is testament to the success of our focus on creating contemporary working environments that meet the needs of next-generation occupiers.”
Chris Lewis, partner in Cushman & Wakefield’s business space investment team, which advised Spelthorne said: “The Brockton Office Portfolio represents best-in-class assets designed for the future generations of office users and located in the key South East office centres adjacent to major transport hubs.
“Cushman & Wakefield was delighted to work with the team at Spelthorne Borough Council, and alongside their legal advisers Clyde & Co, to successfully complete this transaction.”
CMS and Herbert Smith Freehills LLP acted for the Brockton/Landid joint venture and JLL advised the joint venture on the sale of Thames Tower and The Charter Building.
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