© Copyright Acquisition International 2026 - All Rights Reserved.

Article Image - One Sheldon Square Acquired for £210 million
Posted 15th April 2015

One Sheldon Square Acquired for £210 million

British Land has completed the acquisition of One Sheldon Square, Paddington Central, for £210m from the Employees Provident Fund, Malaysia.

Mouse Scroll AnimationScroll to keep reading

Let us help promote your business to a wider following.

One Sheldon Square Acquired for £210 million

One Sheldon Square acquired for £210 million

View Biography
Image

Acquirer

British Land has completed the acquisition of One Sheldon Square, Paddington Central, for £210m from the Employees Provident Fund, Malaysia.

This brings the property investment firm’s total investment at Paddington Central to 800,000 sq ft with a further 146,000 sq ft currently under construction at 4 Kingdom Street and 210,000 sq ft of consented future development at 5 Kingdom Street.

In a statement, the company said acquiring One Sheldon Square, which is prominently located at the entrance to Paddington Central, ‘allows us to develop a wider vision for the campus as an attractive mixed use destination’.

One Sheldon Square comprises nearly 200,000 sq ft of freehold office space, arranged over nine floors.

The property is fully let to Visa Europe Services until December 2022 with a rent review in December 2017. Total annual contracted rent is £9.5m reflecting an average rent of £48.70 per sq ft which is reversionary.

British Land is currently working alongside Hopkins Architects on a new Masterplan for Paddington Central.

Phase 1 of a programme of public works improvements is already underway and the firm are also on site at 4 Kingdom Street which will complete in 2017, ahead of the opening of the Crossrail station at Paddington in 2018.

We are also progressing the concept design at 5 Kingdom Street in order to improve the existing consented scheme.

Tim Roberts, head of Offices, British Land, said: “Paddington Central is full and we are progressing our vision to create a more attractive and engaging environment which better meets the changing needs of our customers.

“We have started on extensive improvement works to the public realm and are also now on site at 4 Kingdom Street. One Sheldon Square is a strategic piece of the campus which helps us to achieve our vision.”

Categories: Finance, M&A, Strategy


You Might Also Like
Read Full PostRead - Eye Icon
How Much Will Bitcoin Be Worth in 2030
Finance
12/11/2021How Much Will Bitcoin Be Worth in 2030

In the next few years, one of the hottest commodities on the planet will be bitcoins. This will be an interesting topic for discussion when you read this: How much will bitcoins worth in 2030 report that was written by traders and investors.

Read Full PostRead - Eye Icon
From Ledgers to Digital: The Evolution of Accounting Practices
News
27/10/2023From Ledgers to Digital: The Evolution of Accounting Practices

For thousands of years, accounting has been an integral part of civilization. From the earliest days of recorded history, bookkeepers have been tracking credits and debits, assets and liabilities. While the fundamental principles remain unchanged, the tools an

Read Full PostRead - Eye Icon
How to Manage Your Budget During Inflationary Times
Finance
20/04/2022How to Manage Your Budget During Inflationary Times

At this point, there is no getting away from the word inflation. Everyone is talking about it, many complaining about it, but do you know how to take action to survive it? Depending on your age range, you may or may not have experienced life in inflationary ti

Read Full PostRead - Eye Icon
Building the Future of Construction
Innovation
13/10/2021Building the Future of Construction

Having received the accolade of the ‘Best Building Enclosure Products Manufacturer’ for 2021 in the USA, MaxLife Industries will use its new flagship product to inspire innovation in the building materials industry.

Read Full PostRead - Eye Icon
Corporate Social Responsibility: Accountability Measures Against Traffic Incidents
Corporate Social Responsibility
26/07/2024Corporate Social Responsibility: Accountability Measures Against Traffic Incidents

Corporate Social Responsibility (CSR) involves businesses taking responsibility for their impact on society. It encompasses environmental efforts, ethical practices, philanthropy, and economic growth to ensure a positive contribution to the community.

Read Full PostRead - Eye Icon
The Economic Benefits Of Investing In Portable Office Solutions
Innovation
23/04/2024The Economic Benefits Of Investing In Portable Office Solutions

Being able to work anywhere is an arrangement that many organizations have been incorporating in their operations in the past few years.

Read Full PostRead - Eye Icon
Managing Weather-Related Surface Risks on Commercial Properties: Implications for Vehicle and Fleet Safety
Legal
29/01/2026Managing Weather-Related Surface Risks on Commercial Properties: Implications for Vehicle and Fleet Safety

Adverse weather conditions present ongoing operational challenges for commercial properties, influencing vehicle safety across parking areas, access roads, and service zones. Rain, ice, freezing temperatures, snow, and reduced visibility can materially affect

Read Full PostRead - Eye Icon
Fashion Takeover
Finance
30/07/2015Fashion Takeover

Reed Smith advises BlueBay and Lloyds on Silverfleet’s acquisition of Masai Clothing.

Read Full PostRead - Eye Icon
LEWIS Acquires Tayburn In Six-Figure Deal
M&A
23/05/2024LEWIS Acquires Tayburn In Six-Figure Deal

Creative and digital agency, LEWIS has acquired Tayburn in a six-figure cash and equity deal that will combine almost a century of creative and digital expertise.



Our Trusted Brands

Acquisition International is a flagship brand of AI Global Media. AI Global Media is a B2B enterprise and are committed to creating engaging content allowing businesses to market their services to a larger global audience. We have a number of unique brands, each of which serves a specific industry or region. Each brand covers the latest news in its sector and publishes a digital magazine and newsletter which is read by a global audience.

Arrow