BRIDGEWATER HOUSE SALE COMPLETES
Posted on April 12, 2016
Cubex, along with funding partner Palmer Capital, have completed the sale of Bridgewater House to a family office for £56.3M
The fully let 115,000 sq ft office building is let to BDO and Barclays with the remaining four floors let to EDF at £28.50 per sq ft. EDF are currently fitting out with a view to occupying the BREEAM Excellent building in the summer.
Cubex and Palmer Capital acquired the partly let Bridgewater House in November 2013 and then invested further in fitting the property out to a Cat A standard including reception space redesign and external signage and lighting enhancements.
The development and sale of Bridgewater House that will shortly be home to over 1000 professionals is one of the principal buildings on the Finzels Reach estate that is also being developed by Cubex and Palmer Capital investors.