Colliers’ Operational Capital Markets team has acquired Mansbridge House – a Build to Rent scheme in Battersea on behalf of LGIM. Colliers’ Project & Building Consultancy team undertook the building surveying and technical due diligence during the transaction.
The deal saw LGIM purchase the 45-apartment property, which represents the first stabilised Build to Rent transaction in central London for two years.
Mansbridge House spans 50,378 sq ft and includes 9,147 sq ft of ground floor retail accommodation. Residents will benefit from a range of amenities including a communal roof terrace, gym, private winter gardens and a 24-hour concierge service.
Located within the Battersea Exchange neighbourhood, the Mansbridge House development is close to both Battersea Park and Queenstown stations, and is on the doorstep of Battersea Power Station.
“Mansbridge House benefits from a fantastic location in the heart of Battersea and offers residents the perfect base from which to live and work in London. We are pleased to have secured this asset for our client, providing them with significant long term income security in one of the capital’s most popular neighbourhoods.”George Adams, Associate Director in the Operational Capital Markets team, Colliers