Great West Plaza fetches over £300m for redevelopment, West London

03 January 2017

On behalf of a UK Pension Fund, Savills has completed the sale of a redevelopment opportunity at Great West Plaza in Brentford, West London TW8 to Quinata Global for £30.3 million.

The freehold site, extending to 5.5 acres (2.23 hectares) on the Great West Road, comprises 116,465 sq ft  (10,819 sq m) of purpose built office accommodation offered with vacant possession on part. It benefits from a permitted development approval for a 165 residential unit scheme, and potential for a more extensive mixed use development, subject to the necessary consents.

Savills combined expertise across office investment, permitted development, and residential and mixed use development, which enabled access to a broad pool of buyers.

Oliver Fursdon, director in the development team at Savills, says: “Completing well above the asking price, the sale reflects the continued strength of the market for non-prime mixed use redevelopment opportunities in London post the EU referendum.”

Finn & Co acted for Quinata Global.

 
 

General Enquiries

Savills Margaret Street

 

Key Contacts

Oliver Fursdon

Oliver Fursdon

Director
Development

Savills Margaret Street

+44 (0) 20 7409 5900

 

Kirsty Moseley

Kirsty Moseley

Associate Director
Commercial Marketing & Press

Savills Margaret Street

+44 (0) 207 409 8887