Leeds-based Town Centre Securities has completed its fourth north London acquisition, taking its total investment within the Wood Green retail and apartment parade to 8 million since last Summer.
Following its acquiring 10-13 Cheapside last year, Town Centre Securities has acquired 9 Cheapside for 1.25 million, securing ownership of the total parade of four retail units with apartments above. Planning permission has been secured to change the upper two floors of Number 9 into residential accommodation, representing Town Centre Securities’ first conversion of this nature working in.
The acquisitions follow on from the completion of Town Centre Securities’ London office on Duke Street W1 that’s undergone a 400,000 investment to comprehensively refurbish your place of work space and restore the fa?ade. The new office will manage the UK growth of Town Centre Securities’ CitiPark business also it was recently announced that watch specialist, Titan Black, has signed a lease for office space as well as a new boutique utilizing the property to full occupation.
Edward Ziff, chairman and ceo of Town Centre Securities, said: “Since opening our London office, we’ve been actively monitoring investment opportunities inside London market. The Wood Green retail and residential parade presented a way to add value to well-located properties inside a popular part of London.”