Property Description
On behalf of a private client, Tuatara acquired Acre House, Long Acre from CBRE Global Investors in an off-market transaction. The property comprised four super-prime Covent Garden retail units, with the residential element subsequently sold off.
At acquisition, two of the four retail units were vacant, providing the investor with immediate value-add potential. Following successful asset management, the property is now fully let, and Tuatara have been instructed to bring it to market for sale.
Key Highlights:
Acquired on behalf of a private client
Purchased from CBRE Global Investors
Off-market transaction
Four super-prime Covent Garden retail units
Two vacant units on acquisition, providing add-value upside
Residential element disposed of separately
Now fully let, with Tuatara instructed to sell
Property Details
Property Type
Retail
Property Location
Acre House, Long Acre, London, UK