47-53 Kensington High Street

London

Purchaser / Tenant

The building commenced construction in May 2003 and was completed in March 2005. The basement and ground floor have been pre-let to PC World as a retail store who commenced trading in November 2004.
The property was sold to Investor; Aries Ltd on 13th July 2005 for in excess of £44m.

Address

Lower Floors: PC World, 47-53 Kensington High Street, London W8 5ED

Upper Floors: 5 Young Street, London W8 5EH

The Development

The development comprises a six storey building totalling 65,099 Ft² (6,047 M²).

The ground and basement floors totalling 19,400 Ft² (5,913 M²) have been pre-let as a retail store to PC World.

The five upper floors totalling 45,693 Ft² (4,245 M²) will be grade A office space.

The site is the former Kensington Market, with the new retail unit fronting Kensington High Street and the offices above having their own independent entrance at 5 Young Street.

For those who work or live around Kensington, the area combines convenience, centrality and charm and provides a thriving area offering the latest in food, fashion and leisure. Its infrastructure and unrivalled amenities have attracted a diverse range of occupiers in recent years from Associated Newspapers to EMI.

This headquarters office building is prominently situated in Young Street just off Kensington High Street and south of its junction with Kensington Church Street.

Kensington High Street underground station is within a short walking distance and parking is available virtually adjacent to the property.

Specification

• Fan Coil Air Conditioning.
• Full Accessed Raised Floor.
• 3 passenger lifts.
• Double Height Entrance.
• Category Two Lighting (LG3 compliant)
• Three x 10 Person Automatic Passenger Lifts
• Standby generator
• High Quality Finishes
• Roof Terraces

Floor Areas

19,400 Ft² 1,805 M²

Basement	1,507 Ft²	140 M²
Ground Floor	1,432 Ft²	133 M²
Mezzanine	990 Ft²	92 M²
First Floor	10,064 Ft²	935 M²
Second Floor	9,838 Ft²	914 M²
Third Floor	9,279 Ft²	862 M²
Fourth Floor	7,513 Ft²	698 M²
Fifth Floor	5,070 Ft²	471 M²
Total	45,693 Ft²	4,843 M²
Grand Total	65,093 Ft²	6,047 M²

A joint venture with merchant bank; Close Brothers and Scarborough Development Group PLC