August 28, 2015
Lumina Real Estate Capital (LREC), a leading real estate investor and advisory company, has acquired a prime 300,000 sq ft high street redevelopment opportunity in Ilford, London in an off-market deal.
The 10 storey commercial building with basement car park, comprises 306,427 sqft (28,468 sq m) and is located at 193-207 High Road in Ilford. Although now vacant, it was formerly the Harrison Gibson department store. LREC is considering various options for the building, particularly in light of Crossrail, which opens in 2017.High Road is only a short walk from Ilford train station.
Sassan Ahsani of Lumina Real Estate Capital says: “This is a fantastic opportunity to transform and redevelop this landmark building. Our plans will act as a catalyst to enhance High Road and further improve the surrounding area.
“By 2017 therewill be 12 trains an hour into Central London at peak times, with a journey time of just 24 minutes to Bond Street, and links to Heathrow will be much improved. Ilford is a great location to live and work already and its prospects are incredibly positive.”