Project: New Support Centre for Opal Telecom
Location: Warrington Birchwood, Stanford House
Size: 55,000 sq ft (5,110 sq m)
Acquisition of the freehold interest of a vacant office building, located in the Birchwood Businesss Park.
The refurbishment immediately followed, which included the conversion of a central patio area, to creation a new restaurant and meeting area.
Following the full refurbishment, the building was occupied as the North West Support Centre for Opal Telecom.
Subsequently, the freehold investment created was sold via a sale and leaseback arrangement, showing a substantial gain over the Book Value.