Our Asset Management department originally appointed to property manage the prominent tower building was later appointed asset managers to reposition the property.
This is a substantial mixed-use building arranged over 11 floors, with retail accommodation on the ground floor and office space on the upper floors. The building presented significant short- and medium-term asset management opportunities to add value through refurbishment, lease restructuring and reletting at increased rental value.
Müller negotiated vacant possession of the office space and undertook complete refurbishment.
Holborn Tower is located in the rapidly improving and diversifying Midtown area, which is finding favour with a range of occupiers and property investors. The area’s emergence is underpinned by a buoyant London economy and the anticipated benefits flowing from the new east-west London Crossrail link.
The strategy has delivered new occupiers at improved rental levels delivering the asset strategy agreed with out clients.
Enquiries to: Ashley Bunkall
Tel: +44 (0) 207 448 1160