Benson Elliot has exchanged contracts to sell its 135,000 sq ft Ealing Cross office to Aviva Investors for more than £65m.
The property was let to four tenants and was 30% vacant at time of Benson’s purchase. XLB Properties acted as asset manager for Benson Elliot while Hanover Green and JLL have acted as leasing agents.
By May of this year Benson Elliot and asset manager XLB Property had secured two more office lettings to take the building to close to fully let at improved rents.
Employee Advisory Resource, relocating from Chiswick Park, signed for 8,270 sq ft on the ground floor, while Ring Central took 8,325 sq ft on the second floor. Both leases have 10 year terms.
Other occupiers include dunnhumby, RedBee Media, A2 Dominion and Toluna.