The property was acquired as part of the wider Australia Portfolio which was being sold by UBS Phillips & Drew.
The property Comprised two office buildings constructed in 1988 totalling some 34,000 sq ft. The two office buildings were situated within the most attractive of settings, overlooking the Grand Union Canal.
At the time of acquisition conversion to residential use was explored.
The Partners of OXLO were appointed as Asset Managers in 2011. At the time of appointment there was in excess of 50% vacancy. Our remit as Asset Manager was to process a refurbishment of the vacant accommodation and rebrand the image the property portrayed.
The Specification included:
As a consequence of these initiatives the buildings were leased to 85% occupancy to include a European Government taking the entire Ground floor of Bankside House.