London's Leading Serviced Office Provider(Office Space In Town) Expand Their Portfolio to New Location: 46, New Broad Street with Private equity Firm
Serviced Office Provider: Office Space in Town, bought New Space in London's Prime Area with Private equity Firm Forum Partners.
- (1888PressRelease) July 29, 2012 - A leading serviced office provider is celebrating after securing its second London location- an established venue situated in one of the capital's prime areas.
Office Space in Town joined forces with private equity firm, Forum Partners, to acquire 46 New Broad Street, near Liverpool Street, EC2 and executives from both companies are excited about the future of their purchase, which will be available to tenants from the 1st October 2012.
New Investments in Central London
Giles Fuchs, chief executive at Office Space in Town, says: "We have already had significant interest shown by prospective tenants for 46 New Broad Street and, with further substantial financial resources available, we are currently seeking new investments in central London locations with mainline rail and good interconnecting public transport links, with the aim of being fully invested by the end of 2012."
Forum Partners, an established global real estate management firm, provided £30m of equity to establish London Serviced Offices with Giles and his dedicated team. This new partnership wasted no time in securing 46 New Broad Street, with a purchase price in the region of £7.25m.
The Attractions of Serviced Offices
Andrew Walker, managing director of Forum Partners, explains: "We have successfully invested in the serviced offices business through one of our earlier funds (FERI I) and remain convinced of the attractions of this well-established market in the UK looking ahead.
Giles Fuchs and his team at Office Space in Town are highly experienced operators and we look forward to working closely with them as partners."
The property at 46, New Broad Street spans 35, 416 sqft and was previously owned by David Pearl's Structadene, which bought it in November, 2007 from IVG at a cost of £15.6m.
About Office Space in Town:- Office Space in Town offers quality - serviced offices in Cardiff, London Euston, Edinburgh, Northampton & Aylesbury City Centres. We also provide Virtual Offices, Meeting Rooms and Conference Facilities for small, medium and corporate businesses in the UK. Find more detailed information at http://www.theoffice-uk.co.uk/
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