The Arora Group and Deva Capital have acquired the Metro Building in Hammersmith, West London, from the fixed charge receivers.
The 105,237 sq ft, 11-storey office building, which is located opposite Hammersmith Broadway, was on the market for £20m+.
Sanjay Arora, CEO of the Arora Group, said: “The Metro Building is a fantastic addition to our portfolio. Its location is unparalleled in West London, and we see immense potential to enhance the asset through our signature approach to management and refurbishment. Partnering again with Deva Capital allows us to leverage our combined expertise to unlock long-term value in this vibrant commercial hub.”
Patrick Hablal, CIO of Deva Capital, added: “We are delighted to be joining forces with Arora on this acquisition which complements our recent acquisition of the Novotel Hammersmith”
Jamie Lamond, director in the London office of Watling Real Estate, which advised on the sale, said: “The Metro Building is a prominent, high-specification office asset in the heart of Hammersmith in West London. The property comprises approximately 105,237 sq ft. across the ground floor and 10 upper floors. Situated immediately adjacent to Hammersmith Broadway and Hammersmith Underground station, the building serves as a prime gateway to West London with exceptional transport connectivity. The Metro Building provides The Arora Group with a range of options for alternative uses and the opportunity to reposition and enhance the existing building.”
The Metro Building was offered jointly with Cushman & Wakefield. The joint fixed charge receivers, Nathan Pask and Andrew Foster, were advised by Pinsent Masons and Dentons acted for The Arora Group.
