Somerford Real Estate 2018-19 A year of opportunity

£32.5 million

£21.5 million

Brandon Road Kings Cross | N7

179-191 Borough High Street | SE1 Somerford RE advised a private Middle Eastern investor in the purchase of this freehold building in Borough for £32.5 million. The building is approximately 32,000 sq ft and single let with just under 14 years of income. The building was purchased from a private investor.

Somerford RE advised a client in the corporate acquisition of an entire private limited company for c£21.5 million. The portfolio consisted of a mixture of light industrial, high street retail, residential and a town centre redevelopment opportunity. The onward sale of Brandon Road represented a price equating to 100% uplift on the initial valuation.

£15.5 million

£11.5 million

Camden Street Camden | NW1

Crimscott Street Bermondsey | SE1

This 33,000 sq ft site in Camden sits on the Regents Canal and has planning permission for the construction of an eight storey building to include 52 residential units and c20,000 sq ft of commercial floorspace. Somerford RE identified the site which had been owner occupied for over 30yrs and purchased it on behalf of a private investor for c£15.5 million.

Somerford RE purchased the Freehold interest of a development site at 18-19 Crimscott Street, SE1 in Bermondsey on behalf of a private family office. The site benefits from planning permission for a mixed use site offering 55 apartments and 20,000 sq ft of B1 space. The site was purchased for £11.5 million.

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