Affinity Secures Staples Corner Sale Ahead of Specialist Fund LaunchPosted on 8th May 2017
Affinity Global Advisers, the property advisory arm of Affinity Global Real Estate, has secured a £51.8m exit for a syndicate of investors led by Robert Whitton in the sale of the iconic JVC building at Staples Corner. The site extends to 250,910 sq ft over 9.26 acres and includes a modern distribution warehouse, two office buildings and two further warehouses. Later this month, Affinity Global Real Estate will announce two new major investment vehicles supporting commercial property regeneration projects in London and the UK’s other major office markets.
Robert Whitton, Chief Executive of Affinity Global Real Estate, said:
“We believe demand for well let industrial space and office space within the M25 and further afield is growing. We’ve got a significant track record in regenerating and repositioning commercial property and I’m delighted that our advisory arm has delivered such a strong investor return. The timing couldn’t be better.
“Affinity Global Advisers has managed the property for the last three years and delivered value through active management and our tried and tested asset repositioning activity. We’re active right now in landmark projects in Bristol, the M25 and further afield and I’ll be announcing two significant initiatives later this month, both of which support the upgrading of industrial and office space.”
Affinity Global Real Estate is a dynamic and rapidly expanding land and property regeneration company with a portfolio of high-performing assets and a pipeline of deals based on proven real estate strategies. Founded in 2012 by Robert Whitton, Affinity GRE focuses on regenerative opportunities which combine risk-managed investor returns with positive social and environmental gains.