7 February 2019

Forsters advise Moorfield on pre-letting and sale of Aurora, Ealing

Forsters have advised Moorfield Group, the UK real estate private equity fund manager, on securing two new tenants at Aurora, the fully refurbished office building in Ealing, London, and its subsequent sale to Aviva Investors for £36,250,000.

The building comprises 51,791 sq. ft. of Grade A contemporary design-led office space, and the refurbishment was managed by Moorfield’s J.V. partner, XLB.

IWG signed a 15-year lease on 29,000 sq. ft. across the building for Spaces, their co-working offer. This will be the workspace provider’s twenty third Spaces business club in the UK and it’s fourth in West London.

Synchronoss, a global leader in secure, white label, mobile cloud, RCS messaging and digital solutions for Service Providers and TMT's, has signed a ten-year lease of 7,500 sq. ft.

The lettings saw record rents achieved for Ealing.

Head of Commercial Real Estate Matthew Swainston led on the deals, assisted by senior associate Peter Selwyn on the Regus letting, and associate Jade Capper on the Synchronoss letting and the sale.

ACRE advised Moorfield and XLB, on the sale, with Kimmre advising Aviva Investors.

"It's a very capable department and a very pleasant team to deal with. They have a wide area of expertise."
Chambers UK, 2016
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