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RIB acquired the freehold at 24 Hanway Street London W1 for overseas clients with the intention of refurbishing the property.
The subject Hanway Street property is located within the London Borough of Camden under 200 metres away from Tottenham Court Road Station part of ongoing Crossrail with fast access to Heathrow Airport and Reading to the west and Shenfield and Abbey Wood to the east.
About the property
The property was subsequently refurbished to provides 6,950 square feet of Grade A office space, featuring three separate private roof terraces, and was let by RIB’s Commercial Agency department.
Working closely with our leasing team, we were able to identify an opportunity to create an incredible design led space, perfect for the highly competitive Fitzrovia office market. We continue to be leaders in this area, bucking current market sentiment of actively transacting at record levels. As a result of this proven track record, we were able to advise the client on exactly what occupiers look for and create a space which is perfectly designed in the area.”
RIB’s Property Management department now look after and manage the building for the freeholder meaning that we have successfully seen the project through from inception to the current day. Our clients had wanted to purchase a West End Freehold which they could repurpose and add value to, and RIB were able to utilise our wide areas of expertise to achieve this.