Project: New Support Centre for Carphone Warehouse

Location: London North Acton, Portal Way

Size: 150,000 sq ft (13,935 sq m)

Following the acquisition of Tandy and 380 shops, a significantly larger Support Centre building was required by the 1600 employees.

The transaction involved simultaneously buying in the freehold of the existing Support Centre (held on a short leasehold), and acquiring the freehold of the adjoining building, formerly a BBC Props Warehouse on Gypsy Corner.

The new building was comprehensively refurbished at a cost of £8m, and significant value was released over Book Value, when the investment created, was sold via a sale and leaseback arrangement.