BUCKINGHAM GATE, VICTORIA, LONDON, SW1
Description: Multi-let office building, extending to 12,680 sq ft.
Strategy: Pro-active management of tenancies and rolling refurbishment of common parts and office areas. Lease expiries managed to facilitate vacant possession for the pursuit of a residential change of use.
Acquired
Date: 2008 (*)
Acquisition Price: £6.616m
(*) Property acquired by the principals of Marchmont, prior to the formation of the business in 2011, after which it formed part of the assets under management.
Sold
Date: 2012
Sale Price: £10.75m