Castleforge Partners has acquired a Grade II listed building in Farringdon next to Barbican Centre and the iconic Golden Lane Estate.

Castleforge is planning to fully refurbish the 106,892 sq ft office building to deliver a best-in-class workspace, meeting the highest possible BREEAM certification standards for sustainable and green office buildings.

Leading property consultancy Allsop advised Castleforge on the deal.

Mike Kovacs, Founding Partner of Castleforge Partners commented: “We are thrilled to announce our acquisition on this prime site by the Barbican at 1 Golden Lane. This purchase will kickstart our renewed strategy to focus investment on London’s commercial market, driven by research we have been undertaking here at Castleforge.

“We have identified a significant shortage of best-in-class office buildings for leading companies in London that meet required sustainability standards. The market has not yet realised the true cost of upgrading the old stock to meet modern standards and this issue can only be addressed by investors who are well-capitalised with the capability to deliver this grade of space.

“By undergoing a state-of-the-art refurbishment process, 1 Golden Lane will become one of the most premium and green office spaces in London and we look forward to unveiling the refreshed building for occupiers and local stakeholders alike.”

Chris Room, Partner, City Commercial Investment at Allsop added: “We were pleased to support Castleforge on this deal to purchase 1 Golden Lane. The Golden Lane premises are an iconic office space which has previously attracted some of the most influential companies in the world. Castleforge’s planned renovations will pave the way for the kind of green, flexible offices which are the future of workplaces in this country.”