Office Space in Town buys Midtown office

6th August 2018

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 Station. 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 the area.” 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.