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The Forge
Westferry Road, E14
AcquiredQ4 2016
Mandate/FundFabrix i1
Target IRRAchieved 79% IRR in 11 months

Asset Description

Self-contained Grade II listed former warehouse with B1 office consent. The building comprises of 11,459 sq ft and features double floor to ceiling height space with original character features.

The asset is located in close proximity to Canary Wharf and within a 10 minute walk of Mudchute and Island Gardens DLR stations.

Asset Management Strategy

The building was vacant on acquisition and minor refurbishment works were undertaken in preparation for letting.

Planning permission was obtained for and construction of 7,000 sq ft free standing mezzanine. The building was let to Craft Central, a charity that protects makers, on a 20 year lease with annual RPI indexation.

The asset has since been sold.