Property portfolio acquisition for Delancey

Office design news from Morgan Lovell

Published on 31-12-2010

Specialist investment company Delancey has announced the acquisition of the Blade property portfolio from Propinvest Group for an undisclosed fee.

Containing 12 assets in total, the portfolio features office interior, retail, warehouse and leisure space, including office buildings in both Basildon, Essex and Jersey.

Tim Haden-Scott of Delancey commented: "We are delighted to have extended our working relationship with RBS on unlocking this portfolio. This complex transaction represents an opportunity for Delancey to create substantial added value through our extensive asset management expertise."

Delancey partnered with existing lender Royal Bank of Scotland in order to fund the deal.

Meanwhile, Free Office Search recently reported that London-based architect Amin Taha has purchased new office space in the capital at 115 Golden Lane in the City.

The firm paid £1.92 million for the building, containing 6,598 sq ft of grade A office interior space and which offers scope for future expansion work.

Posted by Adrian Norman