Harbour Exchange, London
Getting ahead of occupier trends in Central London
Though occupiers were starting to shift their office space search away from central London to fringe locations, we knew they still needed to find high-quality accommodation with strong transport links.
After identifying three self-contained, multi-let office buildings just south of Canary Wharf and next to South Quay DLR station, we took on this well-specified, 190k sq ft accommodation for £37m alongside a co-investment partner.
As rents were rising in the City of London, we undertook a series of asset management initiatives. These included upgrading all vacant offices, improving reception areas and external entrances, and overhauling the Mechanical & Electrical (M&E). Overseas investors bought Harbour Exchange via two transactions in 2016 and 2018 – demonstrating a growing appetite for prime office space in desirable locations beyond the City of London.
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