Wainbridge Purchases Three UK Properties
Wainbridge Ltd has acquired three office properties in the United Kingdom on behalf of its real estate fund, Wainbridge Global Opportunities London Ltd, for a total of £39 million (€43.8 million).
In London, Wainbridge has purchased a three-building office property on Chenies Street. The three buildings, which total approximately 5,636 square metres of space, were sold by a consortium of private investors for £24.5 million (€27.5 million). In Croydon, Wainbridge has acquired the 10,435-square-metre Sunley House for £11 million (€12.3 million). Wainbridge, in partnership with a private investor, acquired the asset out of receivership. Wainbridge has also acquired the 8,534-square-metre Froomsgate office building in Bristol out of receivership in partnership with a private investor; the building was purchased for £3 million (€3.4 million).