Floreat Real Estate purchases iconic Shipping Building in West London

When complete, the £250 million regeneration will comprise 642 residential units, 550,000 square foot of office accommodation, a variety of restaurants and shops, a four-screen cinema complex, a sustainable energy centre, a live music venue and a high quality public realm.

The Shipping Building is the former UK headquarters of music company, EMI, and dates back to the 1920s. It is now home to tech firms Sonos and SITA, as well as the Central Research Laboratory, a shared hub for inventors and entrepreneurs.

The purchase forms part of the team’s wider strategy of investing in growth locations in London and major UK cities. They focus on quality buildings where they believe they can build value through asset management. 

Commenting on behalf of Floreat Real Estate, investment director Jonathan James said:

Creating workplaces that offer the connectivity and amenity to attract talent is a key driver for us. We believe the regeneration of the Old Vinyl Factory site, together with the arrival of Crossrail, provides a compelling offer for occupiers.

Moorfield was represented by Savills and Floreat was represented by Fineman Ross.

For further information, please contact Emma Paterson on 0207 3180 615 or email emma.paterson@floreatgroup.com

Image credit: The Old Vinyl Factory