W.RE acquire Willcox House on Borough High Street for £9.4 million

For immediate release

W.RE have doubled down in Borough High Street and acquired Willcox House, 140-148 Borough High Street, their second investment in this location following the previous redevelopment at 160 Borough High Street.

The 15,360 sq ft office building was bought from The Proclamation Trust who have moved to new premises within Southwark. 

W.RE is planning to restore the modernist character of Willcox House, which was originally designed by Richard Seifert in the 1950s and to bring the building forward into the 21st century, creating contemporary workspaces that meet the evolving demands of today's occupiers.

Sascha Lewin, CEO of W.RE, said: “We are really excited to back in Borough High Street, a location that keeps getting better and better.  Willcox House has a fantastic architectural heritage and with a carefully considered approach to its restoration we have the opportunity to develop a very special building for this submarket.”

Ends

For further information please contact:

Isabel Fenwick – ifenwick@casacadecommunications.co.uk, 02078 713565

Simon Petar – spetar@cascadecommunications.co.uk, 07909 051402

Notes to editors:

• RE are a team of London commercial property specialists. W.RE are renowned for identifying challenging opportunities, creating value for investors, occupiers and the wider community.

• Willcox House, 140-148 Borough High Street was acquired for £9.4m.

• Richard Seifert was responsible for Centre Point on New Oxford Street and Tower 42 in the City of London. He designed more than 500 office buildings in the UK and Europe.

• 140-148 BHS marks W.RE's second project on the street. W.RE successfully completed the repositioning of 160 Borough High Street through a back to frame refurbishment. 160 Borough High Street was subsequently fully let within three months of completion to a diverse range of office tenants.