MARCOL acquires £23million London Clerkenwell portfolio and kicks off Soho redevelopment project


MARCOL has recently completed on a £23m portfolio consisting of three office and mixed use converted warehouses in the rapidly-emerging Central London sub-market of Clerkenwell.

Acquired off market for a competitive price, 104-110 Goswell Road, 77 Bastwick Street and 15-27 Gee Street will provide future opportunities for active asset management, including re-gearing, rent reviews, lease renewals and re-lettings.

The Clerkenwell portfolio is being purchased as a reinvestment of the sale proceeds of 20-22 Tudor Street, an office building in Blackfriars, and a former Norbert Dontressangle transport depot at Rowley Regis in the West Midlands, which are being disposed of as mature investments. The value-add opportunities for both properties have been exploited fully through the refurbishment and re-letting of Tudor Street and the obtaining of planning consent for residential redevelopment at Rowley Regis.

In addition, a substantial residential redevelopment is underway to create unique loft style apartments at 68-70 Wardour Street, in the heart of Soho. A multi million pound investment will see the construction of an additional fifth floor and the creation of three double aspect apartments plus a large duplex penthouse.

The reinvestments and redevelopment will add rental growth, enhanced quality of income and quality of real estate to MARCOL’s growing Central London portfolio.

More news >

Recent posts

Space Plus opens two new stores for business in Bochum and Essen

New stores, Bochum and Essen adds up to 15000 sqm of storage space to the platform, further strengthening the brands market presence together with existing …

Terence Cole, our Co-Founder and Joint CEO of MARCOL, sadly passed away on Monday 19 December 2022, after a long illness.

Terence was a larger-than-life character who has left his mark on the world and touched many lives. He was tenacious, a great strategic thinker, …

MARCOL Executive Forum

We recently held our annual MARCOL Executive Forum, bringing together our senior team, and the CEOs and leadership of the MARCOL Portfolio companies: ALMCOR, Atida, …

Creating scalable Healthtech platforms to improve patient access

Published in the 'Global Family Office Community' Journal Article by Ed Radkiewicz, CEO - MARCOL Health   Creating scalable Healthtech platforms to improve …

Thames Enterprise Park wins planning permission for initial 3.7 million sq ft development

Regeneration of former Coryton oil refinery site will create 5,500 new jobs and expected to add £350 million per year to the local economy. Thames …

MARCOL Health - Providing capital and nurturing innovative platforms to solve healthcare's biggest challenges

Advertorial in HealthInvestor publication MARCOL Health is maintaining the momentum of innovation in healthcare by investing in or acquiring businesses at the convergence of healthcare …