CBRE Global Investors has completed the acquisition of The Buckley Building, an office building in Clerkenwell Green, Central London. The asset was acquired from Derwent London.
The 85,140 sq ft office building was comprehensively refurbished in 2013 providing large floor plates and offering category A specification. It is multi-let to four strong office tenants and one retail tenant. Covering six floors, the attractive 1930s warehouse has a panoramic terrace on the fourth floor. It has been awarded a BREEAM rating of Very Good.
Located at one of the most desirable addresses in this sub-market, Farringdon station is within easy reach of the property. Farringdon is forecast to become one of the UK’s busiest stations following the opening of Crossrail. The location’s accessibility is a significant appeal to occupiers.
The Farringdon sub-market benefits from good occupational demand, appealing to a diverse occupier base. The quality of the building, connectivity and micro-location makes this an attractive investment proposition.