020 REAL ESTATE
CBREGI HAS CRUSH ON COVENT GARDEN
Immediately prior to its acquisition by Colliers International, H2SO advised CBRE Global Investors on the £80m purchase of The Seven Dials Warehouse in London’s Covent Garden. Colliers advised the vendor, Allegra.
The building’s occupiers include King Digital Entertainment – creators of the smartphone game Candy Crush Saga.
MEYER BERGMAN BUYS WATERSTONE’S
European investor Meyer Bergman has bought Waterstone’s flagship store and headquarters on London’s Piccadilly for around £68m.
On behalf of an institutional fund, IVG instructed Colliers International to bring the 66,317 sq ft Grade II-listed property to the market.
Waterstone’s has a lease on the building until March 2034. The property is held on a long leasehold interest from The Crown Estate for a term of 125 years from 2009.
CLARKSONS DOCKS AT ST KATHARINE
Shipping company, Clarksons, has taken a 75,780 sq ft prelet at St Katharine Docks in the Commodity Quay building.
The 140,000 sq ft refurbishment of St Katharine Docks encompasses 127,000 sq ft of offices, and was carried out by Max Property Group which was recently bought by Blackstone for £448m.
Communications service company, Six Degrees Group, had already taken a 22,000 sq ft prelet at Commodity Quay.
Paul Smith of Colliers International – which is letting the development with Savills and Ingleby Trice – commented: “St Katharine Docks offers high quality offices in an unrivalled environment. Occupiers are responding positively to the strategy of creating a diverse, vibrant and prosperous business and visitor community”.
HELICAL BAR HEADS FOR HANOVER SQUARE
UK property company, Helical Bar, has moved its headquarters to 5 Hanover Square W1. Advised by Colliers International, it has taken 8,000 sq ft in the Mitsui Fudosan/Stanhope development on the south east corner of the square.
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Rob Hayes of Colliers International commented: “The Covent Garden market is progressive and this was an opportunity to buy an asset which fits well with CBREGI’s investment strategy”.
The 60,000 sq ft wedge-shaped property dates back to 1890 and also features an Urban Outfitters store and Belgian restaurant Belgo on the ground floor.
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