Catella APAM (“APAM”), the specialist UK & Ireland real estate asset manager, has launched the sale of Liberty House, a rare prime development opportunity, over quarter of a million sq ft next to Kensington Olympia, London. APAM has appointed Cushman & Wakefield for the Sale.
Located adjacent to the £1.3 billion mixed-use regeneration project of Olympia London, the 1.4-acre site currently contains two office buildings, comprising close to 90,000 sq ft over six storeys. The scale and location of the site provides ample opportunity to capture the strong local demand for office, life science, medical, student and senior accommodation, while also delivering against the highest sustainability and wellness requirements.
As well as benefitting from the extensive regeneration of the surrounding area – the site is located between Olympia London, White City and Earl’s Court – Liberty House sits within the sought-after West London life science and research zone. The West London market has performed strongly, experiencing substantial rental premiums over and above historic levels as tenants compete for best-in-class office buildings in accessible, amenity-rich London sub-markets.
Miles Payne, from Cushman & Wakefield’s London Offices team, said: “Liberty House is one of the most exciting development sites to come to market this year. Set amongst some of the most substantial regeneration projects in London, its location and scale lends itself to a wide range of onsite uses from a market-leading company headquarters to a best-in-class life science facility. We therefore anticipate significant interest from across geographies and sectors.”