Brunswick Property Partners has bought Regal House, an office property in Twickenham in west London, for £52m as part of a £1bn London neighbourhood workplace venture.
The freehold acquisition was made for Akoya, Brunswick’s ESG-led workspace venture. Aviva Investors was the previous owner, according to EG Radius.
Regal House, at 70 London Road, has 27 tenants and comprises 134,289 sq ft of grade-A space.
James Lister, director and portfolio manager at BPP, said the deal marks the ninth asset for Akoya in a “key target location”.
Lister added: “This acquisition represents a significant opportunity to capitalise on underlying reversion in a strong local occupational market.”
Will Amies, founding partner at BPP, said: “We continue to see excellent occupational demand for our Akoya assets, due to our approach to design, sustainability and wellness. We will continue to acquire well-located assets that can offer this ethos to occupiers at affordable rents.”
Colliers advised BPP, while JLL acted for the vendor.
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