Aviva snaps up Ealing Cross office
by James Wood Thu 7 August 2014, 12:56 pm
Asset Management business Aviva Investors has purchased a 12,500sq m office block in Ealing from capital management firm Benson Elliot for more than ￡65 million.
It has been 15 months since Benson Elliot purchased the Ealing Cross building from Standard Life Investments in June 2013 for ￡37.7 million and the company has refurbished and let the building in that time.
At the time of the sale, the offices were 30 per cent let. Occupiers include Advisory Resource, which relocated from Chiswick Park in Hounslow, Red Bee Media, a2 Dominion and Toluna.
Ealing Cross was speculatively developed in 2009 by Standard Life with Neptune Land to provide 12,600sq m of offices over nine floors.