We identified 25 Charterhouse Square in the prime submarket of Farringdon because it aligned to Ares’ objective of being next to major transport links. The building comprises 42,000 sq ft of Grade A workspace and we used our knowledge of the local market to provide strategic leasing advice on the vacant floor which created further value.
The building was purchased for a price in the region of £43.5 million.
“The return of private equity into the City market has been much talked about so we are proud to have helped Ares in this deal, whereby they will achieve enhanced returns partly due to first mover advantage.”
Jamie Olley, Director, Capital Markets
