The Binary (rebranded from Olwen House) is a former police premises extending to 15,885 sqft GIA arranged over ground, first and second floors. Additional capex has been incurred creating 254 sqft of additional lettable area from the original business plan.
The site extends to 0.18 acres with a car park/yard to the west of the building.
Asset Management Strategy
The building was comprehensively refurbished with the target of exposing height and volume of the existing structure and creating art inspired spaces. The refurbishment included the construction of an event space for tenants as well as wider community programmes and charities.
The majority of the building was pre-let to Leon Restaurants for a new HQ and is in the process of being refinanced.