Categories: US Real Estate

Quadrant Estates Ventures Heat Up UK Market

100 Cheapside, London EC2 - Courtesy Quadrant Estates

According to news from Quadrant Estates, venture partners CarVal Investors, Orion Capital Managers, and the City of London Corporation announced the appointment of Skanska as building contractor at 100 Cheapside, a prime office development in London (illustration below).

The 100,000 sq ft prime space, estimated to cost £28 million when completed in autumn 2014, is situated in the center of London, between the Bank of England and St Paul’s on the corner of King Street.

100 Cheapside, London EC2 – Courtesy Quadrant Estates

According to the release from Quadrant, Tristram Gethin, Managing Director and founding Partner of Quadrant Estates, offered this comment on the news:

“We are right on track with the development of 100 Cheapside, which will occupy a prime site in the heart of the City. It is one of the last pieces of Cheapside to be redeveloped. The spectacular building will have stunning views from its ninth floor roof terrace and will attract occupiers looking for a high spec HQ building in a great location.”

In other news about Quadrant Estates, Property Week has reported Kohlberg Kravis Roberts (KKR) and Quadrant Estates discussing buying a portfolio of retail parks in Sunderland, Glasgow, and Oxford. The value of the proposed deal is suggested at £115 million for the portfolio.

Added to these recent developments, Quadrant also announced with Orion Capital Managers appointing Morgan Sindall as building contractor on Carmelite Riverside. That 135,000 sq ft prime riverside office development is to start construction immediately.

Established back in 1997 by co-founders Tristram Gethin and Christopher Daniel (image left), Quadrant Estates Limited develops commercial institutional properties in the UK. Their portfolio includes retail, office, residential, leisure, trade, and warehousing investments.

Phil Butler

Phil Butler is a former engineer, contractor, and telecommunications professional who is editor of several influential online media outlets. Phil began his digital ramblings via several of the world’s most noted tech blogs, at the advent of blogging as a form of journalistic license. A graduate of The College of Charleston, Phil also served in the United States Navy, and has worked for any number of Fortune 500 companies. Together with his wife and partner Mihaela Lica Butler, Phil also helped forge Pamil Visions PR into one of the most successful online PR companies in the world. His greatest accomplishments however involves being the best husband, father, and friend he can be.