ACRE Capital Real Estate LLP is pleased to have advised Tritax Group on the sale of TNS House, Hanger Lane a 98,000 sq ft office on a prominent c.3-acre freehold site at the Hanger Lane Gyratory. It was let to Kantar UK Limited on index-linked terms with c.6 years unexpired and producing a rent of £1.9m pa.
The office was surplus to the tenant’s requirements and suitable for redevelopment or refurbishment across a variety of uses including industrial, PBSA & residential. ACRE and joint agent DTRE negotiated an early surrender with the tenant and received multiple bids across competing uses. The property was sold to Dandi Living, who intend to convert the office to a co-living residential scheme.
Location: Hanger Lane
Property Type: Office to Alternative Use
Transaction Type: Disposal
Client: Tritax Group
