Property Fund Manager

Turnford Place, Cheshunt

Property

Turnford Place, Cheshunt, Hertfordshire, EN10 6NH

Description

Turnford Place, a high quality multi-let grade A office building extending to 60,000 sq ft is set in an attractive landscaped environment of 5.3acres with excellent car parking and 6 established tenants.

Throughout Northwood’s 3-year involvement in the asset, we undertook the following improvements:

• Refurbishment of the fan coil units

• Replaced all chillers

• Installation of new fire alarm panels

• Installation of new phone systems in both blocks

• Replaced all boilers in Block A

Location

located close to the M25 in the town of Broxbourne, Hertfordshire (South East England) was acquired in December 2014.

Asset Management Strategies

The business plan for the asset was focussed on improving income and lease profile across the estate through pro-active regearing of leases and securing rental uplifts at rent reviews. The plan also included the reletting of space vacated during our ownership at a substantially higher rent as well as improving the common areas across the asset through pro-active property management.

Purchase Date: The asset was acquired in December 2014.

Sale Date: The asset was sold in December 2017.