Dorrington has bought five interlinked office buildings on London’s largest garden square.
Aviva Investors started exploring a sale of 15-23 Lincoln’s Inn Fields, WC2, earlier this year. When marketing was launched, agents expected bids of around £27m.
The buildings comprise 67,000 sq ft of office space on the north side of the square. Dorrington plans to revamp the sites in a way that the company said would “celebrate and reveal the characterful original architecture of Phillip Webb and Alfred Waterhouse, while adding a 21st century x factor”.
Robert Harris, director and head of commercial at Dorrington, said: “These amazing buildings… are beautiful, but they could benefit from modernisation. Our job is to bring them back to their former glory without losing any of their character, and at the same time make them functional and fit for the 21st century. When we are finished, these buildings will be a wonderful place to work – steeped in history, but all the usual tick-boxes for a current occupier requirement will also apply.”
Dorrington was advised by Savills; Aviva Investors was advised by Knight Frank.
Image courtesy of ING
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