Investor snaps up Acton site for £40m

by Jim Dunton Fri 13 December 2013, 10:30 am

Crosstree Real Estate Partners has bought Carphone Warehouse's 4.5 acre Acton headquarters site for "around" £40 million, according to reports.

The purchase of the site in Portal Way reflects the area’s anticipated boost from the arrival of Crossrail and High Speed Two, Property Week reported.

It said Carphone Warehouse had a lease on its 151,653 sq feet building until 2023, but that the site could be deemed suitable for a residential or student accommodation scheme.

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