Great Portland Estates (GPE) has acquired the 19/23 Wells Street office scheme in the heart of Fitzrovia for £19m from British Land.
The 19,182 sq ft building comprises basement, ground and five upper floors and was previously operated by British Land’s flex business Storey. GPE intends to convert the space to its own fully managed offer.
James Harrop-Griffiths, investment manager at GPE, said: “We are excited to announce our acquisition of 19/23 Wells Street. This is our second fully managed deal within the West End during the last six months. The building offers an excellent opportunity for us to enhance our cluster of properties in this vibrant area, enabling us to deliver a diverse range of workspaces for our customers, all accompanied by exceptional levels of customer service.”
Hanover Green represented GPE on the deal and Knight Frank acted for British Land.
