Derwent London has bought Aldgate Union.
Aldgate Union is situated on a one acre site and comprises an 8-storey office building totalling 255,000 sq ft over ground, seven upper floors and two lower ground floors.
The property has generous floor to ceiling heights, good natural light and excellent transport connections as well as column free floor plates of c.26,500 sq ft around a central atrium.
The building is located directly opposite Aldgate East underground station and close to Liverpool Street and Whitechapel Crossrail stations.
The property is currently occupied by RBS and was comprehensively refurbished in 2008.
John Burns, Chief Executive Officer, commented:
“We are delighted to have acquired a prominent property in this fast improving Whitechapel location which increases our Tech Belt holdings to 2.4 million sq ft. Although soon to be vacant the building is in good condition and we expect to quickly re-let it on a multi-occupier basis after modest refurbishment. As with most of our recent purchases this property offers significant longer term regeneration opportunities and adds to our future development pipeline.”