Riverside Capital is delighted to have completed on the purchase of the iconic Power House in Chiswick, home to the world renowned Metropolis Studios.
The 48,000 sq. ft., Grade II listed building has 19 years remaining on the lease which is subject to five-yearly, inflation-linked reviews, the next being in November 2026. The building was purchased by Riverside Capital's private investor syndicate for £7 million, reflecting a net initial yield of 7.3%.
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We are proud to have exchanged contracts to purchase the one of a kind Power House in Chiswick, home to the world renowned Metropolis Studios.
The Power House is an iconic, 48,000 sq ft, Grade II listed building. A former electricity station, the building was constructed in 1901, with stunning Edwardian features typical of this era.
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Old Street Works has proved popular with its tenant community, with three tenants showing their commitment to the building by extending their leases for a further term.
20Ten, the renowned media advertising agency which counts Disney, Balenciaga and Adidas in its impressive roll call of clients, has extended for a further six years, to April 2030. They occupy the largest space in the building: the full 6th floor from 197-205 Old Street Works.
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Riverside Capital has let the 5th floor of its Cannon Street building, Yarnwicke. The letting represents one of the highest achieved for a non tower building in the City.
The 5th floor of the building has been let to Permasteelisa, a leading global contractor in the design, engineering, project management, manufacture and installation of architectural envelopes. The Group is present in more than 20 countries and has 3400 employees.
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Riverside Capital is delighted to launch its own managed office platform, &Then.
&Then aims to create beautiful workspaces and tailored office experiences, allowing members choose from our bright, expertly designed spaces and bolt on the level of service required to curate their unique workstyle. From fit-outs and interior design to connectivity and cleaning, &Then aims to think of everything needed for an enjoyable office life, so that tenants don't have to.
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Riverside Capital has secured a new letting at Old Street Works, 197-205 City Road.
HG Insights, a tech company providing intelligence data for businesses looking to market their products and expand their business, has taken the 1st floor at 201 City Road on a fully managed lease - a new offering from Riverside Capital's brand new management platform, &Then.
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Major strategic property advisory firm, Cluttons, has relocated to the 4th floor at Yarnwicke, 119-121 Cannon Street.
The international firm of chartered surveyors and property consultants, based in Central London and operating throughout the UK, is one of the oldest established firms of Chartered Surveyors in the region. The move marks Cluttons' relocation from the West End to The City.
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Riverside Capital is pleased to report that immediately following the refurbishment of the 3rd floor at 201 City Road, we have successfully let the office space.
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Riverside Capital has completed a further letting at newly refurbished 197 City Road, or Old Street Works.
The 1,945 sq.ft. 1st floor has been let to Rio ESG for a term of three years, commencing June 1st 2022.
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Riverside Capital has let the 6th floor at Yarnwicke, the most premium space in the building, to quantitative asset management firm, PDT partners.
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