Anchorage Point, Charlton, London, SE7

ANCHORAGE POINT 1
ANCHORAGE POINT 2
ANCHORAGE POINT 3

Description

A Freehold warehouse building, leased to Tiscali as a data processing centre.

Opportunity

To acquire the freehold and leasehold interests, and refurbish the datacentre to provide a fully fitted datacentre to be occupied by the Joint Venture partner BIS.

Value Added

  • Established a JV with BIS, an expanding manager of Datacentres and appointed a team of consultants for the JV to agree a specification for a Tier 3 Datacentre
  • Negotiated the acquisition of both the freehold and leasehold interests
  • Obtained full planning consent and obtained increased power supply to the site
  • Created a new Tier 3 Datacentre and agreed a new 25 year lease to BIS
  • The building was sold in March 2014 for a price of £20.5m which represented a geared IRR of 35.4%