London, 10 March 2023
Lodge Quai Advisors LLP (“LQ”) announces the acquisition of a 55-unit residential building within the New Horizons Court development in Brentford, West London, through an indirect subsidiary after converting an existing debt into an equity position.
The Property is one of four buildings in New Horizons Court, previously the HQ of Sky Broadcasting Group. The Property has good access to Central London via public transport with Syon Lane Train Station being 0.5 miles to the south and Boston Manor Underground Station 1.1 miles to the north. The surrounding areas are undergoing significant regeneration which should benefit the longer-term value of the Property.
The Property is fully let under a master lease to Charles Hope.