Kajima Properties Europe (KPE) has acquired the 1 St John’s Square office redevelopment opportunity in Farringdon for an undisclosed price.
The multi-let asset currently offers more than 27,000 sq ft of office space. Subject to planning approval, KPE intends to undertake a comprehensive refurbishment and expand the building’s footprint to deliver modern, sustainable and best-in-class workspace.
John Harcourt, managing director of KPE, which is the pan-European development and investment management arm of Kajima Corporation, said: “St John’s Square is a compelling addition to KPE’s UK development strategy on behalf of Kajima and our investment partners. Our ambition is to deliver another high quality refurbishment in this well connected and resilient sub-market that significantly improves the building’s sustainability, efficiency and occupier experience, positioning it to capture long-term demand.”
KPE was advised by Allsop and the vendor was advised by Colliers.
