We are pleased to announce the acquisition of Wellington Gate, a modern, Grade-A office of 27,356 sq ft in Royal Tunbridge Wells for c.£7m.
Arranged over ground and 6 upper floors, the building benefits from an excellent location within the town centre. Hargreaves have acquired the building with the plan to undertake a comprehensive refurbishment of the entire building to significantly reposition and improve its EPC rating and overall ESG credentials to place it at the forefront of the Tunbridge Wells market.
Alastair Skinner, Managing Director comments: “This building represents a fantastic opportunity for us to use our knowledge and expertise to unlock the building’s full potential and create a market leading future proofed sustainable office. As a project it is an opportunity for us to develop a building that meets our commitment to embedding ESG factors in all our decisions and operations. The acquisition demonstrates our appetite and long-term strategy to grow our portfolio across the South East.”
Tim Wilmer, Investment Director: “This office has all the credentials for an excellent refurbishment to create a best-in-class office building in a prime office market location in the South East. The refurbishment opportunity for the building will enable us to let the vacant floors and set a new rental level within Royal Tunbridge Wells.”