Two Roundwood Avenue Acquired for circa £18 million
Europa Capital and Cordatus Real Estate are pleased to announce the purchase of Two Roundwood Avenue, Stockley Park. The office building was acquired from Phoenix Life Assurance Limited.
The asset is prominently situated in the business park, which is located two miles north of London’s Heathrow Airport and 15 miles west of Central London. The property comprises 93,563 sq. feet (8,692 sq. metres) of office accommodation. The property is currently let to Hasbro and Gilead Sciences.
Cordatus Real Estate is to undertake the asset management of the property, which will include works to improve the quality of the accommodation.
James Fortescue at Europa Capital said, “The investment is an opportunity for Europa Capital to acquire an asset in a well connected, popular and established UK business park. Furthermore, there is likely to be an opportunity to refurbish the building, which should result in the creation of an institutional grade office product.”
Gavin Munn, director at Cordatus Real Estate, noted, “In an increasingly ‘asset specific’ market, we believe this acquisition represents an exciting opportunity to capitalise on the impending space shortage within the Thames Valley and we look forward to working with Europa Capital on this project.”
Europa Capital and Cordatus Real Estate were advised by Lambert Smith Hampton. BNP Paribas Real Estate advised Phoenix Life Assurance Limited.
For further information please contact:
Gordon Simpson/Charlotte Whitley, RLM Finsbury: +44 20 7251 3801
About Europa Capital:
Europa Capital is an established real estate fund management group operating across Europe adding value through risk-based acquisition strategies and active asset management on behalf of its investors.
Since 1995, Europa Capital’s Principals have collectively raised 7 real estate funds and committed to over 75 transactions totalling some €7.0 billion across 18 European countries.
The Europa Funds benefit from Europa Capital’s established network of partners across Europe who co-invest in acquisitions made by the Europa Funds. These country and joint venture partner relationships in some cases extend back more than 20 years.
Further information can be found at www.europacapital.com.
Europa Capital is a member of The Rockefeller Group (“”RGI””). RGI is a strategic investor alongside Management.
Europa Capital Partners LLP and Europa Capital LLP are authorised and regulated by the Financial Conduct Authority.
About Cordatus Real Estate:
Cordatus Real Estate Limited is an award-winning real estate fund asset and development management company.
The company is entirely owned by its directors who each have well over 20 years experience in the UK real estate market.
Cordatus are experts in the field of real estate fund, asset and development management and currently manage significant portfolios on behalf of blue chip clients including GE Real Estate, PwC / HSBC , Hatfield Philips and JP Morgan.
Having worked for some of the leading UK fund management houses and prominent developers, our directors have developed a philosophy and operating model that has a proven track record in delivering performance.
Further information can be found at www.cordatus-re.com