Low Carbon Workplace Trust signs fourth acquisition

LCW Trust successfully completes 4 property acquisitions with an end value forecasted at £54m

Article posted: 20 Jan 2011

The Threadneedle Low-Carbon Workplace Trust has successfully completed four property acquisitions with an end value forecasted at £54m, each of which is to be refurbished to provide high quality office accommodation with a focus on reducing carbon, both embedded and in-use. 

LCW now has a portfolio of four projects involving a significant net internal area in terms of space being refurbished. To date, supported by initial investor equity commitments, LCW has committed and contracted to £42.5m of capital expenditure across its four projects, the post refurbishment end value of which is forecasted to reach £54m. 

The portfolio comprises offices in Hammersmith at Grove House, office space in Wimbledon at Mansel Court, and office space in Guildford at The Billings, in addition to Premier House is Twickenham which has just been pre-let to Thames Valley Housing Association.

Launched in 2010, LCW Trust is a partnership between leading property investment manager Threadneedle, The Carbon Trust and developer Stanhope plc, and was formed to provide an investment vehicle offering exposure to a low carbon workplace UK commercial real estate portfolio. LCW’s investment strategy is unique within the UK commercial real estate investment sector, being focused on satisfying the growing demand for low carbon workplaces and providing the solution to the single specific low-carbon issue readily identified by occupiers.

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Posted by Jules