Hertfordshire-based Chartered Surveyor, Koopmans Property Asset Management have just acquired a multi-let industrial estate in North London for £9.3 million.
In a press release given to Commercial People earlier today, Koopmans announced the acquisition on behalf of a private family office.
Situated only minutes away from Wood Green tube station, the 23,694 sq ft estate attracted substantial interest with a reported 17 interested buyers.
Guillemot Place is comprised of two currently vacant multi-level units of 8,712 sq ft, and 5,790 sq ft, with another warehouse and office unit of 9,192 sq ft presently let to luxury bridal wear company Ellis Bridals.
Koopmans Investment Agent Aman Parmar acted on behalf of the purchaser, while Lawrence Gluckstein of JM + CO acted on behalf of the vendor.
Interestingly, as outlined in the picture above, Guillemot Place sits within Haringey Council’s regeneration zone, which has ambitious plans to deliver affordable housing for over 120 residential units across ten storeys.
Commercial People reached out to Koopman’s Aman Parmar to learn how Haringey’s regeneration plans would affect the purchase. Commenting on what lies ahead, he said: “Our rough plan is to keep [Guilletmot Place] as industrial for the next 5-7 years.
“Haringey are taking a hardline on affordable housing. The St William scheme opposite phase 1 has started, another 5 phases to go [….] Workspace who own Parma House and the chocolate factory on either side are currently in for planning.
“We want to be last to develop so we can see what levels of affordable have been agreed with neighbouring schemes.”