September 23, 2019
IV Real Estate has acquired a self-contained office building in the heart of Clerkenwell.
The developer and asset manager plans to comprehensively refurbish the building, including highlighting and exposing original features. The Gross Development Value of 14 Clerkenwell Close is £10 million.
Located just off Clerkenwell Green with its abundance of amenities, the building is a few minutes’ walk to Farringdon station.
This acquisition follows the successful completion and letting of IV Real Estate’s 34-38 Provost Street, London last month and the acquisition of 37-39 and 41 Corn Street, Bristol earlier in the year.
Alex Jordan from IV Real Estate commented: ‘14 Clerkenwell Close provides an exciting opportunity for occupiers looking for boutique office accommodation in the heart of Clerkenwell. We plan to attract occupiers who are perhaps looking for their own style and identity, taking the next step from co working but still prefer the convenience of plug and play accommodation’.
IV Real Estate was represented by CBRE and the vendor was represented by Knight Frank.