CBRE Global Investors has completed the acquisition of The Buckley Building, Clerkenwell Green, London EC1. The asset was acquired from Derwent London. The purchase price was not disclosed.
The 85,140ft² 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 make this an attractive investment proposition.
