Leading property investment, development and car parking operator, Town Centre Securities PLC (TCS) announces the acquisition of a new London Head Office on Weymouth Street. This latest purchase forms part of the company’s ongoing portfolio diversification strategy and long-term capital growth plans.
The recently refurbished 4,760 sq ft Grade II listed property currently comprises residential accommodation to the third floor, with office space to lower ground, ground, first and second floors. This enables TCS to create a new London base for the business following the sale of its previous capital base in 2021, with the remaining high grade office space offering unique opportunities that will appeal to a variety of sectors including medical and healthcare.
The building is located in the centre of the world’s most renowned medical district, moments from London and Harley Street clinics, as well as Princess Grace and Kind Edward VII Hospitals. In addition, the property offers easy access to Marylebone High Street, Bond Street and Baker Street underground stations along with the A40/M40.
Clifton acted on behalf of TCS in the acquisition.
Rob Thompson, Asset Manager at TCS, said:
“The strategic acquisition of Weymouth Street further enhances our portfolio with the addition of this prime property in one of the capital’s most revered locations. The investment aligns with our core acquisitions and investment strategy where long-term value can be added”.
Jacob Ziff, Investment Surveyor at Clifton commented:
“It has been great to work with TCS again to satisfy their London office requirement following the sale of the company’s Duke Street base last year.
“The ability to purchase this attractive freehold, so close to Marylebone High Street, is a rarity in itself and establishes a perfect base for the company to grow in the Capital.”
