At the time of purchase in 2005, the majority of leases had varying lease expiries, tenant breaks and rent reviews, with 77% of the income potentially expiring within five years. Through negotiations with current tenants and a reletting strategy on vacant floors, a number of leases were regeared and new lettings achieved. The building was subsequently sold fully let.
A 183,102 sq.ft. office building with 50% vacancy at purchase and sold fully let.