Benson Elliot has made more than £100m from the disposals of two developments in Ealing, W5.
The private equity real estate fund manager has completed the forward sale of 1-8 Broadway to Pramerica Real Estate Investors for £37.4m. The circa 100,000 sq ft asset is part of Benson Elliot’s redevelopment of the Arcadia shopping centre.
Elsewhere in Ealing, the firm has sold grade-A, 133,400 sq ft office building Ealing Cross (pictured) to Aviva Investors. A price of around £65m has been agreed.
Trish Barrigan, Benson Elliot senior partner, said: “At Benson Elliot we’ll now focus our attention on the re-development of the remainder of the Broadway site, working with local planning officials and community groups to conceive an exciting new retail and residential offering for Ealing’s Crossrail gateway.”
Strutt & Parker and GCW advised Benson Elliot on the sale of 1-8 The Broadway; JLL advised on the Ealing Cross transaction.
