Westmount advised a US based private equity group on the acquisition of this 175,000 sq ft office building from CBRE Global Investors . The building, set in 20 acres of landscaped grounds, situated on Peterborough Business Park, is partly let to Bauer Media with circa 90,000 sq ft vacant.
Westmount, as retained asset manager, executed the business plan by completing a comprehensive refurbishment of circa 112,000 sq ft, letting it to Thomas Cook Group plc as their UK HQ on a 15 year term and re-gearing the Bauer Media lease by removing a break option.