Stanhope Plc has completed the purchase of Building 7, Chiswick Park
Stanhope Plc has completed the purchase of Building 7, Chiswick Park from funds managed by Blackstone. The purchase price was around £310m.
Stanhope bought the 335,000 sq ft Grade A office building with the backing of existing private clients. The asset is 95% let to blue chip covenants including Pernod Ricard, Starbucks and British American Tobacco.
The seller was advised by Knight Frank and JLL.
Stanhope was the original developer of Chiswick Park which was the first office development in London to embrace the idea that people are more important than bricks and mortar. Stretching over 12 buildings in a 33 acre site, situated around a central pedestrian space made up of a lake, landscaping and open-air performance area, the development established a people-centric destination where individuals and businesses could exchange ideas and embrace new ways of working.
Chiswick Park has enjoyed numerous awards and been widely recognised for its role in establishing a new standard for workplaces in the UK and beyond.
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