BFS acting for Martins Group have sold 14/16 Peterborough Road in Parsons Green, London, SW6 to W.RE, the London-based real estate developer and asset management firm, in partnership with US private equity firm Taurus Investment Holdings.
The new building will provide 45,000 square feet and have a strong focus on sustainability, with a specific independent energy strategy that is expected to reduce carbon emissions by nearly 50% from the baseline scheme. The building will target BREEAM “Excellent” and an EPC of A, and will be developed with a net-zero carbon construction target.
W.RE said the acquisition forms part of a strategy to identify development opportunities in central London and deliver flexible office spaces with high sustainability criteria to meet the growing demands of tenants for Grade A office space.
Andrew Haines, COO of W.RE, said in a statement: “We will deliver a sustainable, best-in-class building that will take advantage of the increasing requirement from tenants for workspace in attractive locations outside of historic core central London.”
Nick Jacobs, executive managing director, Taurus UK, added: “As the return to the office continues, there is significant demand for Grade-A office space, especially in Fulham and South West London, where there is great quality of life. Parsons Green is within walking distance to local transit and local amenities, and will be outfitted with the latest sustainable building technology that ensure resilience through peak energy demand and meets the rigorous and aggressive climate targets for a safe and healthy future.