Harmsworth House

This asset is a long leasehold interest in a Grade B, 60,000 sq ft Midtown office building. On acquisition, the property was multi-let off a low average rent of £36 psf with a WAULT of 5 years and longer term repositioning angles.

Capital Real Estate Partners’ role, acting on behalf of a private family trust, includes:

• Originating the opportunity off market.
• Asset managing the existing asset, including restructuring leases to extend the lease term and managing the leasing of vacant space.
• An ongoing strategic role, advising the restructuring of this long leasehold interest and entering into a joint venture with a hotel operator/developer to get planning and deliver a new high quality aparthotel.