Town Centre Securities has completed its fourth north London acquisition, taking its total investment into the Wood Green retail and apartment parade to £8m since last Summer.
Following its acquisition of 10-13 Cheapside last year, Town Centre Securities has now acquired 9 Cheapside for £1.25m, securing ownership of a total parade of four retail units with apartments above. Planning permission has been secured to convert the upper two floors of Number 9 into residential accommodation, representing Town Centre Securities’ first conversion of this nature in London.
The acquisitions follow on from the completion of Town Centre Securities’ London office on Duke Street W1 which has undergone a £400k investment to comprehensively refurbish the office space and restore the façade. The new office will manage the UK expansion of Town Centre Securities’ CitiPark business and it was recently announced that watch specialist, Titan Black, has signed a lease for office space and a new boutique taking the property to full occupation.
Edward Ziff, Chairman and Chief Executive of Town Centre Securities PLC, said; ”Since opening our London office, we have been actively monitoring investment opportunities in the London market. The Wood Green retail and residential parade presented an opportunity to add value to well-located properties in a popular area of London.”
