CLS announces that it has unconditionally exchanged contracts to acquire One Six Six on College Road in Harrow for £13.8 million excluding costs. Completion is expected in January 2020.
One Six Six is a 34,655 sq. ft office building in Harrow-on-the-hill town centre. The property is currently multi-let to eight tenants. The building was completely renovated in 2016 and includes amenities for occupiers such as shower facilities on each floor, a landscaped amenity area and car parking in the basement with 77 parking spaces.
Harrow is an established commercial centre and One Six Six is a five-minute walk from Harrow-on-the-Hill train station, from where you can be in Central London in 20 minutes by rail or underground.
Fredrik Widlund, Chief Executive Officer of CLS, commented: “This property is a great fit for our UK portfolio as we already own a number of assets in the west London area, including nearby Hygeia on College Road where our in-house asset management initiatives have proven to be very successful. We believe that Harrow has significant opportunity for growth within Greater London from which we are well positioned to benefit. We continue to look for acquisition opportunities across our key markets that meet our investment criteria.”