Though occupiers were starting to shift their office space search away from central London to fringe locations, we knew they still needed to find high-quality accommodation with strong transport links.
After identifying three self-contained, multi-let office buildings just south of Canary Wharf and next to South Quay DLR station, we took on this well-specified, 190k sq ft accommodation for £37m alongside a co-investment partner.
As rents were rising in the City of London, we undertook a series of asset management initiatives. These included upgrading all vacant offices, improving reception areas and external entrances, and overhauling the Mechanical & Electrical (M&E). Overseas investors bought Harbour Exchange via two transactions in 2016 and 2018 – demonstrating a growing appetite for prime office space in desirable locations beyond the City of London.
