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Rivington Studios
1 Bath Place, EC2
AcquiredQ1 2017
StrategyValue Add
Mandate/FundFabrix i1
Target IRR+10%

Asset Description

Self-contained freehold office building on Rivington Street in the heart of prime Shoreditch. The property was in need of refurbishment and comprised 3,915 sq ft over lower ground, ground and two upper floors.

Asset Management Strategy – Completed

Planning permission was obtained to increase the net lettable area by 31%. This was achieved via the construction of an additional floor (1,175 sq ft), the reconfiguration of the ground and lower ground floor to create split level retail unit totalling 1,195 sq ft and the incorporation of the rear undercroft into the lower ground of the retail unit.

The building is now fully let.