Astral Towers, Crawley
Purchase Price: £18.965m, January 2015
Description: 115,000 sq. ft. multi-let office building with adjoining development site with consent for a 100,000 sq. ft. office.
Asset Management: An extensive capital refurbishment programme has been undertaken. 6 new leases have been signed, increasing rents form an average of £14 psf to £22 psf. The planning consent was implemented and the site sold.
Sold: Site sold in August 2018, £3m