Forsters advise SWIP Real Estate on sale of Coca Cola Enterprises' European Headquarters
Forsters has acted on behalf of a fund managed by Scottish Widows Investment Partnership (SWIP Real Estate) in relation to the sale of Enterprises House, Uxbridge to M & G Real Estate for around £52 million.
The recently refurbished 120,000 sq ft office building is home to the European HQ for Coca‑Cola Enterprises and the head office for Coca-Cola's GB business unit. Coca-Cola Enterprises' lease, which was completed in December 2012, is for a 15 year term expiring in 2027 at an annual rent of £3.195 million.
Forsters partner Glenn Dunn advised SWIP Real Estate, both in relation to the occupational leasing arrangements and the subsequent sale, assisted by Nicolas Beedle. Construction matters were dealt with by VanWyck Johnson.