Bedford Estates has appointed CBRE and Chestertons as advisers as it looks to invest £50m to expand its portfolio in the next decade.
The Bloomsbury landowner said it will expand its office, retail and residential portfolios, with CBRE taking on the commercial leasing side of the business and Chestertons focusing on residential.
Bedford Estates has developed 84,000 sq ft of office space and 14,000 sq ft of retail, in partnership with Exemplar and Ashby, at One Bedford Avenue, WC1. A joint venture with Threadneedle also delivered 70,000 sq ft of offices at the Heal’s Building, W1.
Simon Elmer, steward of the London estate, said: “The Bedford Estates has been instrumental in preserving this classical and cosmopolitan quarter of London since the 1660s. It is important to take a modern approach now to bring a new sense of vibrancy and community to the neighbourhood and improve the local environment for those who live, work, learn and visit Bloomsbury.”
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