Surrey Quays office building sells for £10.525m 05.01.16

Workspace Group has bought a 33,635 sq ft office building in London’s Surrey Quays for £10.525m.

Located on Yeoman Street SE8, the six-storey Business Centre forms part of Barrett’s Greenland Place development which has created 679 homes plus retailing on a 7.5-acre site.

The development site was originally sold to Barrett by the Bluebell Partnership which retained ownership of the office component prior to the sale to Workspace.

Jeremy Grundy of Levy Real Estate – who advised Bluebell Partnership on the sale – comments: “Greenland Place is an excellent mixed-use development in a rapidly emerging area of London.

“We are also leasing the retail element of the scheme and have recently put under offer a 4,969 sq ft supermarket unit in the project.”

The Business Centre has been designed with flexible workplaces in mind and provides floors of 4,678-6,654 sq ft which can be easily divided.