Acquisition of Prescot House, Prescot Street, E1
Our latest off market acquisition is Prescot House, 31/33 Prescot Street E1, close to the corner with Mansell Street on the eastern fringe of the City. The premises were until August 2014 the offices and stores for John Kelly’s London Ltd, a business dealing in aromatic and essential oils, who have now moved to more modern premises. Prescot House provides us with a very exciting re-development opppotunity and we have not wasted any time in moving a team onto site to commence a strip out of the redundant and partly derelict offices and stores prior to demolition later in the year. We are currently in the early stages of the planning process for a new mixed-use scheme of offices and serviced apartments and expect construction to start in early 2015.