Orion, Quadrant to Redevelop Former Daily Mail HQ
Orion Capital Managers has acquired the former Daily Mail headquarters in the City of London from clients of Aberdeen Asset Management. With development partner Quadrant Estates, Orion plans to redevelop the 11,000-square-metre Carmelite building at 50 Victoria Embankment.
“Carmelite is a prime, Mid-Town HQ building in an enviable location overlooking the River Thames,” says Tristram Gethin, managing and founding director of Quadrant. “The West End, Mid-Town and City all have limited supply of grade A office space and this location is increasingly seen by many occupiers as a viable alternative to the West End. We are expecting demand from occupiers looking for first class offices in a prime riverside location.”
Orion and Quadrant plan to refurbish the existing