Boultbee Brooks Real Estate acquires Ironmonger Row

September 2013 London/Hereford – Boultbee has acquired 60-72 Ironmonger Row, London, EC21V. This mixed-use building was purchased for £6.8 million and comprises 9,595 sq ft of office space and 5,513 sq ft of residential space.

The building features high ceilings, exposed brickwork and excellent natural light, which adds to its residential appeal. It also includes a number of parking spaces, a two person lift and is eligible for the area’s 1.5 Gbps broadband service. The broadband service will enhance the building’s status as an office location for one of East London’s many creatives companies and start-ups.

The building is currently 100% occupied with two commercial tenants and four residential with options for lease renewals and extensions from March 2014. Ironmonger Row is a short walk from the iconic “Silicon Roundabout” at Old Street and is adjacent to the area’s three parks. The property is also ideally located to benefit from the Government’s planned £50m regeneration of the Old Street roundabout area.

BBRE managing director Clive Boultbee Brooks said:
“Ironmonger Row is a property ideally suited to London’s thriving technology community. Situated in an area famous traditionally for fashion and art, and more recently for its innovative business, this space offers the diversity required by young professionals in their residences and workplace.”

For more information contact:
Christine Elsasser
Boultbee Brooks Real Estate
+44(0) 20 73498454
Email: Christine@bbre.co.uk

Elizabeth Adams
Brunswick Group
+44(0) 20 7404 5959
Email: Boultbee@brunswickgroup.com

www.boultbeebrooks.co.uk

Boultbee Brooks Real Estate acquires 2-4 Noel Street in London’s trendy Soho District

September 2013 Hereford and London based Boultbee Brooks Real Estate has acquired 2-4 Noel Street, W1 in the heart of London’s lively Soho district for £6 million.

2-4 Noel Street offers 7,028 square feet of office space and is located on the north side of Noel Street. It is excellently positioned between Oxford Circus and Tottenham Court Road stations offering businesses and their clients access to the city’s best transport links.

The building not only benefits from original features and good natural light; it offers office accommodation over five floors which further compliments the strong tenant demand and rental growth of this area. BBRE plans to refurbish the building during 2014 to offer floor plates of 1200 – 2000 square foot range.

Boultbee Brooks Real Estate Managing Director Clive Boultbee Brooks says:
“This is a classic BBRE acquisition, for which there is excellent opportunity to improve the quality of the building and improve its value both to future tenants and BBRE. We intend to carry out a full office refurbishment in the course of 2014, which will retain many of this superb building’s original art-deco features. We are currently awaiting the planning decision to enable us to proceed with the regeneration process.”

For more information contact:
Christine Elsasser
Boultbee Brooks Real Estate
+44(0) 20 7349 8454
Email: Christine@bbre.co.uk

Elizabeth Adams
Brunswick Group
+44(0) 20 7404 5959
Email: Boultbee@brunswickgroup.com

www.boultbeebrooks.co.uk

Boultbee Brooks Real Estate and London&Central Securities acquire Office Building on Alie Street

September 2013 Boultbee Brooks Real Estate/London & Central Securities are pleased to announce the acquisition of 71 Alie Steet, London, E1 for a total consideration of £1.8 million. The 7,232 sq ft building is a six story detached building providing office space on 5 floors.

The high quality building is located on the east side of Alie Street, close to its junction with Commercial Road and it sits directly within the new Barratt residential scheme altitude.
Barretts will provide the shell and core property to Boultbee in March 2014. Where after, the building will be fully fitted to incorporate a café/restaurant on the ground floor with offices above.

BBRE managing director Clive Boultbee-Brooks and London & Central Securities managing director Pete Goldstein said:
“Located in an area experiencing strong tenant demand and rental growth, Alie Street is located on the city fringe where global finance meets the creative, intellectual and digital media industries. The prominent position of 71 Alie Street gives it a high degree of commuter accessibility and the highest achievable public transport access.”

 

For more information contact:
Christine Elsasser
Boultbee-Brooks Real Estate
+44(0) 20 73498454
Email: Christine@bbre.co.uk

Elizabeth Adams
Brunswick Group
+44(0) 20 7404 5959
Email: Boultbee@brunswickgroup.com

www.boultbeebrooks.co.uk

Boultbee Brooks Real Estate acquires Rivington House in Shoreditch

September 2013 London and Hereford based Boultbee Brooks Real Estate is pleased to announce the acquisition of Rivington House on 82 Great Eastern Street, London, EC2A for a total consideration of £6 million. The 15,750 sq ft building is conveniently located just off the iconic Old Street Roundabout in London’s East End, opposite the Hoxton Hotel.

BBRE is planning an extensive refurbishment of the building, including a new reception area and two additional new floors to create a total of 17,618 sq ft of offices.

Rivington House is a former Victorian warehouse with excellent natural light due to its corner position. Rivington House is an attractive building that is in keeping of the area; it also has many attractive period features including exposed brick waslls and will become an energy efficient building with a high EPC (B) post-development. Work commenced on this property in December 2013 and will be completed by September 2014.

BBRE managing director Clive Boultbee Brooks said:
“Positioned in the heart of London’s vibrant ‘Tech City’ and developed to a high standard in keeping with Shoreditch’s unique style, we hope Rivington House will be home to some of the capital’s most exciting and innovative companies. The building’s architecture, location and energy efficiency should appeal to a range of tenants in this area, or keen to enter it.”

For more information contact:
Christine Elsasser
Boultbee Brooks Real Estate
+44(0) 20 73498454
Email: Christine@bbre.co.uk

Elizabeth Adams
Brunswick Group
+44(0) 20 7404 5959
Email: Boultbee@brunswickgroup.com

www.boultbeebrooks.co.uk

Boultbee Brooks Real Estate acquires the Arc

September 2013 London/Hereford – Boultbee Brooks Real Estate is pleased to announce the acquisition of a 45,176 sq ft office building called “The Arc” at Queen’s Park Drive, Nottingham.

This grade A office building is located in Nottingham city centre and has a newly appointed tram stop just outside the Arc. The building was purchased for £7.8 million and is currently 100% occupied. Tenants include the law firm Geldards and Coutts private bank. The break terms of the existing four tenants expire or break from October 2015 onward to August 2020 which gives good medium-term opportunities to manage the asset.

BBRE managing director Clive Boultbee Brooks said:
“The Arc is situated in a prime business park and is highly accessible from Nottingham city centre, with its own tram stop and easy access to the city train station. Grade A space is extremely limited in Nottingham despite its status as one of the UK’s largest city economies outside of London which we anticipate will support rental growth for the best quality space. The Arc represents a key step in furthering Boultbee Brooks Real Estate’s stated strategy of investing smartly and moving fast to take advantage of the anticipated recovery in the U.K.’s regions.”

The Arc was completed in 2005 and provides a net internal area of 45,176 sq ft over four floors. The flexible floor plates are capable of sub-division into two wings.

For more information contact:
Christine Elsasser
Boultbee Brooks Real Estate
+44(0) 20 73498454
Email: Christine@bbre.co.uk

Elizabeth Adams
Brunswick Group
+44(0) 20 7404 5959
Email: Boultbee@brunswickgroup.com

www.boultbeebrooks.co.uk