Brunswick Property Partners (BPP) has acquired landmark Twickenham office building Regal House for £52 million for Akoya, its ESG-led £1 billion London neighbourhood workplace venture.
Located in the desirable and vibrant West London borough of Twickenham and situated adjacent to the station, this multi-let freehold office property boasts 27 tenants and comprises 134,289 sq. ft of Grade A accommodation. With wellness and sustainability at its core, Akoya will reposition Regal House to capture the strong fundamentals of the local Twickenham occupational market.
James Lister, Director and Portfolio Manager at Brunswick Property Partners, said; “We are pleased to have acquired the ninth asset for Akoya in another key target location. This acquisition represents a significant opportunity to capitalise on underlying reversion in a strong local occupational market.”
Will Amies, Founding Partner at Brunswick Property Partners, said, “We continue to see excellent occupational demand for our Akoya assets, due to our approach to design, sustainability and wellness. We will continue to acquire well located assets that can offer this ethos to occupiers at affordable rents.”
BPP was advised by Colliers and Shoosmiths. The vendor was advised by JLL and Penningtons Manches Cooper.