72 Broadwick Street was acquired from the University Superannuation Scheme for £67 million and subsequently sold to Shaftesbury Plc for £87m. The 70,000 sqft mixed use scheme will transform Carnaby Street and the surrounding area. Arbrook Land partnered Legal & General Capital and Dutch pension fund manager PGGM.
19 Dacre Street was acquired from Floreat Group for £15.75 million. Arbrook Land has comprehensively refurbished and extended the property situated close to St James’s Park. The completed scheme includes 4,465 sqft of new retail accommodation and 20,561 sqft of new offices.
This Grade II listed 15,000 sq ft property, located opposite Cannon Street station, has five floors of offices above a retail unit. A major refurbishment was undertaken to combine a high quality fit-out and contemporary reception area with the retention of some original features, including the classic façade and high floor to ceiling heights. Having full let the building to Reed Professional Services, Eidosmedia and Kyocera it was sold for £17.2 million. Our investors doubled their money in this project.