London,
01
June
2017
|
13:31
Europe/London

TILAD ENTERS UK MARKET WITH PURCHASE IN HAMMERSMITH

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An affiliate of Tilad, a Gulf-based multi-family office, has purchased One Queen Caroline Street, Hammersmith from a Fund advised by Brockton Capital and Landid.

The former Coca Cola headquarters comprises over 83,000 sq ft of accommodation and is arguably the most prestigious and contemporary office buildings in Hammersmith. It has recently undergone a £14 million refurbishment under Brockton’s ownership, including the addition of an expansive urban roof garden and shared clubhouse on the sixth floor. The building is multi-let to predominantly creative industries’ occupiers. CBRE acted for the purchaser whilst JLL advised Brockton Capital and Landid.

This represents Tilad’s first purchase in the UK market, having already acquired several assets across the continent.

Tony Edgley, Partner, Brockton Capital commented: “ Together with our partners Landid, we created stunning, contemporary space that has attracted creative occupiers at impressive headline rents. Hammersmith is more than ever a vibrant, hyper connected submarket that will only grow in stature and appeal. We’re delighted that Tilad chose our building as their first UK investment”.