SFO Capital Partners acquire landmark London office, The Corner Building
London December 20, 2021 – London-based global real estate investment manager SFO Capital Partners has acquired the Corner Building, a prominent office building located in Farringdon, London.
The Corner building is strategically located, less than three-minute walk, from Farringdon station, which is due to welcome Crossrail in March 2022, and walking distance away from Barbican and Chancery Lane stations and the Smithfield Market.
Having benefitted from significant investment over recent years, Farringdon is regarded as one of most thriving, well-connected and desirable office destinations in London, becoming a business hub for creative and tech industries.
SFO Capital Partners’ investment strategy consists of a floor by floor refurbishment as well as an upgrade of common areas and roof terrace. This transaction falls within SFO Capital Partners’ value-add strategy and follows its recent acquisition of another office building with significant value creation potential, located on Farm Street in the heart of Mayfair.
SFO has appointed and partnered with London-based RE Capital to execute the strategy.
Mohamad Abouchalbak, CEO of SFO Capital Partners said: “Having benefitted from significant investment over recent years, Farringdon is regarded as one of London’s most thriving, well-connected and desirable office destination. When Crossrail arrives in March 2022, Farringdon’s position as a key transport hub will further consolidate the commercial appeal of the area. We are pleased to partner with RE Capital on this investment. Our strategy for this prime commercial asset will see significant upgrades and renovations made with a view to lease the new grade A space.
Given its strategic location and architectural prominence, the Corner Building is extremely well positioned to capture the increasing demand witnessed in the Farringdon market”
About SFO Capital Partners: SFO Capital Partners is a London-based global real estate investor and investment manager, committed to achieving superior risk-adjusted returns and focused on establishing and maintaining long-term relationships with its global clients and partners. SFO Capital Partners applies its global mindset, in-depth sector experience and local knowledge to unlock international real estate investment projects in Europe and the USA across a select range of investment strategies including income-generating, value-add and development schemes. As of June 2023, SFO Capital Partners has acquired a diversified portfolio comprising more than $2.2 billion in assets located primarily in the USA and Europe, including 7,000 apartments and more than 9.6 million square feet of commercial real estate under management.