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Westbrooke deploys over £40m across office acquisitions




Westbrooke Alternative Asset Management has deployed over £40m of senior secured financing across four UK office transactions over the last three months.

The transactions backed operating partners acquiring or repositioning well-located buildings in supply constrained submarkets, where pricing has adjusted and occupational fundamentals are demonstrating resilience.

In aggregate, the financings support approximately 290,000 sq ft of office accommodation, representing £5m of passing rent across the assets. Upon stabilisation, rent is expected to exceed £7m.

Westbrooke is selective, focusing on prime micro locations with limited competing supply and clear asset management angles.


Commenting on the strategy, Harry Newall at Westbrooke (pictured above), said “The UK office market has been through a necessary reset.

“What we are seeing now is renewed conviction in prime, well-located assets where occupational demand remains healthy and supply remains constrained.

“Our focus is on partnering with experienced operators who understand their markets and can execute leasing led business plans.

“The performance across our recent transactions reinforces our view that, when structured conservatively and aligned with the right sponsor, exposure to high quality office assets can deliver compelling risk adjusted returns.”

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