Buildington
Open database of new property developments & buildings in London, UK.
Enterprise House from Westbourne Bridge.

Enterprise House from Westbourne Bridge.

June 21, 2014
View to Enterprise House from Bishop's Bridge Road above Paddington Station.

View to Enterprise House from Bishop's Bridge Road above Paddington Station.

11. January 2014
Westbourne Bridge next to Enterprise House.

Westbourne Bridge next to Enterprise House.

11. January 2014
View to Enterprise House from Westbourne Terrace.

View to Enterprise House from Westbourne Terrace.

11. January 2014
Enterprise House on Westbourne Terrace in Bayswater, London W2.

Enterprise House on Westbourne Terrace in Bayswater, London W2.

11. January 2014

Enterprise House

Address:
167-169 Westbourne Terrace, London W2 6JY
Type:
Commercial
Completion:
1935
Area:
45,000 sq ft
Viewed:
10675

Description of Enterprise House

Enterprise House is a 45,000 sq ft office building in Bayswater, London W2.

Network Rail's London offices are in this building.

The building was designed by P. E. Culverhouse.

The building is just a few hundred metres from Paddington Station.

2013 - Helical Bar acquired the building with a 20-year sale and leaseback to Network Rail for £30.75m, representing a net initial yield of 5.65%.

The building had been comprehensively refurbished by Network Rail in the same year.

2015 October - Helical Bar sells the building for £43m to a private overseas buyer.

Connected Companies

News: (2)

Helical Bar has sold Enterprise House to a private overseas buyer for £43 million.

Helical originally acquired the 45,000 sq ft Art Deco office asset in 2013 in a 20 year sale and leaseback transaction with Network Rail. The asset, which serves as Network Rail's London headquarters, had been comprehensively refurbished by Network Rail in the same year.

Duncan Walker, Helical Bar's Investment Director, commented:

"We are pleased to have sold Enterprise House, a mature asset in a strong location within Central London. This disposal enables us to capitalise on the strong London market, freeing up capital to deploy into our other London opportunities which will benefit from Helical's expertise in extracting latent value through development, refurbishment and asset management."

23/10/2015 00:52 by Buildington

New on Buildington!

11/01/2014 15:35 by Buildington

*DISCLAIMER! Information on this page is for guidance only and remains subject to change. Buildington does not sell or let this property. For more information about this property please register your interest on the original website or get in touch with the Connected Companies.

New London developments on Buildington - monthly update

Buildings