2018-19 a year of opportunity
Despite the political uncertainty over the last couple of years, we experienced a strong and fluid market in added value commercial property across London. During the end of 2018 and throughout 2019 we secured £300 million total transaction value across 11 deals.
Templar House High Holborn | WC1V
Marylebone Road | NW1
On behalf of Aprirose REI, Somerford RE purchased the freehold interest of this island site in London’s Marylebone for c£44 million. The iconic c70,000 sq ft building is currently vacant and offers many re-development and other asset management opportunities.
Somerford RE advised The Carlyle Group in the purchase of this iconic Freehold office building in Holborn for £80 million from Northwood Capital. The building is c105,000 sq ft and was bought with vacant possession. The building will be refurbished to a very high standard and will be operated by the serviced office group “Uncommon”.
11 deals done
Advised 11 clients
Transactional value of £300 million
Coda Studios Fulham | SW6
Average deal value of £27.3m
Acting on behalf of Moorevale and Patrizia, Somerford RE purchased the freehold interest of this 68,500 sq ft multi–let flexible office accommodation building for c£40 million. The building offers multiple asset management opportunities.
458,800 sq ft of London office space
PRICE: £40m CLIENT: Moorevale and
Fulh “We’ve got London covered”
140-146 Camden Street NW1 USE: Residential & Office PRICE: £15.5m CLIENT: Private Investor
Templar Hou USE: Re-deve PRICE: £80m CLIENT: The
129-137 Marylebone Road NW1 USE: Re-development Opportunity PRICE: £44m CLIENT: Aprirose REI
Drapers Court, Kingston KT1 USE: Re-development Opportunity PRICE: £8.25m CLIENT: Boultbee London Real Estate
Coda Studios, Fulham SW6 USE: Multiple Asset Management Opportunities PRICE: £40m CLIENT: Moorevale and Patrizia
Brandon Road, Kings Cross N7 USE: Re-development Opportunity PRICE: £21.5m CLIENT: Private Client
1-7 Dace Road, Hackney Wick E3 USE: Mixed use development PRICE: £18.5m CLIENT: Southern Housing Group
23 Goswell Road EC1 USE: Re-development Opportunity PRICE: £9.5m CLIENT: Boultbee Brooks Real Estate
e, High Holborn WC1V opment Opportunity
Hamilton House, 1 Temple Ave EC4 USE: Office Asset Management PRICE: £18.05m CLIENT: Dorrington
179-191 Borough High Street SE1 USE: Single Let PRICE: £32.5m CLIENT: Private Investor
18-19 Crimscott Street SE1 USE: Mixed use - Apartments & B1 space PRICE: £11.5m CLIENT: Private Family Office
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.
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.
Dace Road Hackney Wick | E3
Hamilton House 1 Temple Avenue | EC4
Somerford RE advised Southern Housing Group in purchasing this site in Hackney Wick’s trendy “Fish Island” for £18.5 million. The site has approved planning consent for a mixed-use development for 110 apartments and 58,000 sq ft of workspace separated across four blocks.
Somerford RE acted on behalf of Dorrington in purchasing the long leasehold interest of Hamilton House from the City of London Corporation. This iconic Grade II listed building occupies a highly prominent position of Victoria Embankment at its junction with Temple Avenue. The building totals approximately 29,300 sq ft of office accommodation arranged over basement – 5th floor. The building offers multiple asset management opportunities to enhance value and was purchased for £18,050,000.
23 Goswell Road | EC1
Acting on behalf of Boultbee Brooks Real Estate, Somerford RE purchased the Freehold interest of this 23,000 sq ft building for £9.5 million. The building is currently occupied by the Italia Conti Academy and offers many re-development and other asset management opportunities.
Drapers Court Kingston Hall Road | KT1 Somerford RE purchased the freehold interest of Drapers Court on behalf of Boultbee London Real Estate for £8.25 million. This 33,000 sq ft building was purchased from Kingston College who occupy part of the building. The building is multi-let and offers many re-development and asset management opportunities.
Somerford Real Estate 3-5 Barrett Street | St Christopher’s Place | London | W1U 1AY
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