Gaw Capital expands ownership at Harbour Exchange
Clearbell Capital’s second fund, Clearbell Property Partners II LP, has sold the leases for 4 and 5 Harbour Exchange, E14, to Gaw Capital Partners for £36.2m.
The two office buildings at the Harbour Exchange Estate, which is close to the South Quay DLR station in the Isle of Dogs, provide 95,000 sq ft.
Dominic Moore, head of asset management at Clearbell Capital, said: “This sale demonstrates an appetite for prime office space in desirable locations beyond the City of London.
Clearbell Capital’s second fund, Clearbell Property Partners II LP, has sold the leases for 4 and 5 Harbour Exchange, E14, to Gaw Capital Partners for £36.2m.
The two office buildings at the Harbour Exchange Estate, which is close to the South Quay DLR station in the Isle of Dogs, provide 95,000 sq ft.
Dominic Moore, head of asset management at Clearbell Capital, said: “This sale demonstrates an appetite for prime office space in desirable locations beyond the City of London.
“The development of this business hub in the Isle of Dogs is testament to the attractiveness of peripheral locations in London, as tenants seek Grade-A space at reasonable rates.”
Christina Gaw, managing principal and head of capital markets at Gaw Capital Partners, added: “As freeholders of the Harbour Exchange buildings, this acquisition will enable us to further consolidate our holdings at the estate.
“These buildings represent exceptional value for tenants, providing access to Grade-A office space in a fantastic location with excellent transport links, at rents far lower than those found in the West End, City and other fringe locations.”
Gryphon Property Partners and Knight Frank acted for Clearbell. Michael Elliott acted for Gaw Capital.
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