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Carlyle Group Buys Six London Office Properties

Carlyle Group Buys Six London Office Properties

Six office properties in central London, which were formerly part of the White Tower scheme, have been bought by property developer Carlyle Group for a total of £671m.

The buildings compromise a total of 1.6m sq ft and provide office space throughout the City of London and in Chiswick, West London.

“This acquisition has provided us with a rare opportunity to acquire six landmark assets in strong locations, let to a number of global high quality occupiers,” said Robert Hodges, managing director at Carlyle European Real Estate, according to Property Week.

He added: “Whilst each property benefits from an existing secure income profile, there are considerable longer term opportunities across the portfolio for active asset management and redevelopment, where we believe we can add significant value.”

The properties are let to major national and international firms, including JP Morgan Chase, United Business Media (owner of Property Week magazine), IBM, UBS, and BSI Management Systems.

The majority of the properties are located close to the Thames in the City of London, the capital’s chief financial district, and all provide office space in a prime London location.

One property – the BSI Tower – is located further out in the West of London, in the area of Chiswick.

Author: | July 8, 2010 | 0 Comments

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