React News – Ardstone picks up London office

Ardstone Capital Acquires Prominent Greater London Grade A Office Asset

Ardstone Capital have acquired 1 Parkshot in Richmond from Aviva Investors for £8.175 million. The asset comprises a fully let self-contained Grade A multi-let office building, located just 100m from Richmond train station, offering significant reversionary and future development potential.

Nick Cashmore of Ardstone Capital said of the transaction; “1 Parkshot represented a rare opportunity for Ardstone Capital to acquire a high quality Freehold Grade A office building in a sought after Greater London market. The building offers an attractive entry yield with potential to drive value further through various asset management initiatives. We remain active and seek further opportunities with strong fundamentals where we can look to add value”.

Ardstone Capital were advised by CBRE, whilst JLL acted on behalf of Aviva Investors.