West End Road, South Ruislip, HA4 6QE
Odyssey Business Park comprised a late 1980s quartet of office buildings totalling 146,000 sq ft, with in excess of 600 car spaces and formerly the HQ of British Airways. The Park was bought with some very short leases and largely vacant. With void costs the yield was under 3% but equated to £95 freehold capital value.
The entire Park was subject to comprehensive refurbishment. The buildings were subject to a Grade A refurbishment to include new air-conditioning, new lifts, ceilings, toilets, LED Lighting etc.
In addition, the Park was re-branded to be best in class. Building One was pre-let to NEC which provided the confidence to undertake the refurbishment of a two further buildings on a speculative basis. As a consequence of the further refurbishment undertaken alongside a comprehensive marketing campaign we secured lettings to major occupiers.
Further initiatives included comprehensive re-landscaping and the introduction of an on-site restaurant.