Industrial to Flexible Office Conversion

  • Equity investment to acquire a former printing press in Highbury, London and conversion into a desirable 16,000 sqft, 4 storey office building.
  • Coordinated the asset management and refurbishment.
  • Added mezzanine floor and obtained planning consent for 4,000 sqft at the rear.
  • Structured as a joint-venture with Adir Group, which has relevant experience and a strong track record in the sector prior to the transaction.
  • Adir Group operated this asset as a co-working location under the Net.works brand.
  • Sold the building to a partner backed by Private Equity for in excess of £14m.
    • Investments Track Record

    • Central London Office to Hotel Conversion
      Deal Size: Duration: IRR:
      c£100m 36 months 20%
    • Industrial to Flexible Office Conversion
      Deal Size: Duration: IRR:
      c£10m 13 months 55%
    • Investment in UK Pub Business
      Deal Size: Duration: IRR:
      c£1.5m Ongoing 16%
    • Office to Residential Conversion
      Deal Size: Duration: IRR:
      c£20m Ongoing 10%