ALTUM CAPITAL ACQUIRES MIXED USE INVESTMENT IN ELEPHANT & CASTLE

August 1, 2016

Altum Capital has acquired a mixed-use building located at 330-344 Walworth Road in London’s Elephant & Castle from Kennedy Wilson for £7,800,000 in an off-market transaction.

The building totals 39,453 sq ft of accommodation and is multi-let to four tenants, including Iceland, Peacocks and The Gym for a weighted average lease term of 8 years to breaks.

The property offers a diversified income stream, let to strong covenants, with opportunities for asset management in the short to medium term. It will also benefit from the significant investment that is going into the surrounding area.

Jack McCarron of Altum Capital commented:“This acquisition fits our strategy to acquire well let buildings, located in growth areas of Greater London. We were able to capitalise on uncertainty in the market, to achieve compelling pricing of under £200 per sq ft”

Kingly Partners advised Altum Capital while Kennedy Wilson was unrepresented.

Latest News

MOORGARTH LAUNCHES PM+U – A NEW KIND OF PROPERTY MANAGEMENT COMPANY

February 19, 2021 - 16:07

The highly successful team behind Moorgarth Property Management has launched a new property management company – PM+U – specialising in retail, office and leisure assets across the UK. Under the l[...]

+ Read More

ARLINGTON TO DEVELOP ONE OF LONDON’S FIRST DEDICATED LIFE SCIENCE DEVELOPMENTS

February 16, 2021 - 11:08

Arlington has received full planning consent for a building that is set to become one of London’s first fully lab-enabled buildings to be delivered by a commercial property investor. Known as Refine[...]

+ Read More

WILFORD LANE DEVELOPMENTS SELLS OFF WEST BRIDGFORD SCHEME IN NOTTINGHAM

February 9, 2021 - 12:36

Wilford Lane Developments Limited (WLDL) – a joint venture between Kuwaiti developer/investor Salhia Real Estate Co KSC and Simons Developments Ltd – has sold the commercial element of its Wes[...]

+ Read More

CONTACT

CALL US

+44 (0)20 7647 4420

ADDRESS

Wren House, Garden Close Lane, Newbury RG14 6PR