Danesborough Properties advised Hermes Real Estate Investment Management on the purchase of this mixed use commercial scheme including restaurants, offices and residential for a price of £18.17m, in June 2011. The price reflected an initial return of approximately 8%, and a reversionary yield in excess of 9%. Warehouse K, is approximately 134,000 sq.ft, and sits adjacent to the vibrant Excel complex. The property, a former tobacco warehouse, was redeveloped in 2002, providing offices, restaurants, retail and light industrial elements, within a 1.84 acre site.
