The serviced office provider plans to
carry out a major refurbishment of the seven-storey building, which has 36,000
sq ft of office space and is located a three minute walk from Blackfriars
As well as redeveloping the existing
office space, the company is also considering adding additional space and
creating a roof terrace.
“Having not bought a building for a short
while we are delighted to be back on the acquisition trail again and to acquire
20-22 Tudor Street,” said Giles Fuchs, co-founder of Office Space in Town. “It
is an exceptional location in the thriving commercial district of Midtown with
excellent transport links and a host of fantastic businesses with offices in
Simon Eastlake, developments director at
Office Space in Town, claimed that the property would be “one of the
highest-quality offices in the Midtown area” once it has been redeveloped.
Office Space in Town, which has six
service offices in central London, said it had the funding a acquire other
buildings, no more than a four minute walk to a tube. At the start of the year,
RDI REIT acquired an 80% stake in four of its London offices valued at £161.7m.
BH2 & Taylor Wessing acted for Meadow
Partners. OSIT was advised by Gryphon Property Partners and Nockolds.