A scion of the billionaire Barclay family has raised £100m to buy tired London offices and turn them into modern, green blocks.
Andrew Barclay, grandson of the late Sir David Barclay, is targeting small and medium-sized office buildings to bring them in line with the government’s forthcoming changes to energy-efficiency standards.
His Dashwood Properties acquired its first building at the end of last year, a four-storey office block in King’s Cross, central London, for around £18.7m.
Barclay co-founded Yopa, the digital estate agent, in 2014.