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Workspace buys Centro 1&2 for £76.5m

Workspace Group has bought Centro 1 & 2 for £76.5m, following the acquisition of five Centro buildings in January 2018.
By James Buckley
April 23, 2018 | 1:51 P.M.

The property consists of two freehold buildings providing 85,000 sq ft of warehouse-style offices, with a large communal roof terrace, reception area and a new gym on the lower ground floor. It is let to five tenants, at a passing rent of £53.70 per sq ft with an average unexpired lease term of 8.7 years. Customers include the UK headquarters of Hugo Boss and French Connection. There is 12,000 sq ft of vacant space which has recently been refurbished.

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