We are pleased to announce the sale of 55 Victoria Road, Park Royal, London.

The one-acre property was acquired in 2013 with the benefit of a 15-year lease to BT and fixed rental increases throughout the term. The sale delivers a 3.5x EM over the hold period.

Michael Ferris, Head of Investment, commented:

“We acquired the property for its secure income and strategic location, close to the planned HS2 train hub and at the centre of a multibillion-pound regeneration zone. Having progressed our own scheme for the site for approx. 500 co-living beds, we took the decision to exit and de-risk the investment. Victoria Road has been a successful investment for our shareholders, and we wish the new owners every success with their plans for the site.”