Helical has sold the Power Road Studios in Chiswick to a private investor for £41.5m.
Helical bought the building in 2015, and has since refurbished it and produced a series of lettings. It was originally built in the 1930s as a Singer sewing machine factory, and now provides 57,000 sq ft of workspace over four buildings.
The site also has consent for the construction of a new 30,000 sq ft building, a 13,000 sq ft roof extension to building one and a small amenity block.
Tom Anderson, Senior Investment Executive at Helical, commented: “This disposal is in line with our clear strategy of selling non-core assets and realising proceeds which we can recycle into new value add and development opportunities in our core central London markets.”
