In July 2017, Riverside Capital investors purchased a mixed-use retail and office building, 197-205 City Road or “Old Street Works”, in the heart of ‘Tech City’ – one of London’s fastest growing sub-markets. The 33,179 sq. ft. building is well diversified,
being let to a range of tenants from various industries including tech, fashion and media, as well as restaurant occupiers. Riverside Capital is currently undergoing an extensive refurbishment programme to improve all floors of 197 and the 4th floor of 201.
- Purchase date 07/2017
- Purchase price £27.5m
- Capital value £829 psf