© Copyright Acquisition International 2025 - 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
Years of Experience
Innovation
23/11/2018Years of Experience

Based in Monaco, Antonio Bertelli founded AGAP International SARL with a goal of becoming the worldwide seafood trading company, working with all the major fish producers in order to give customers an excellent service. We invited Antonio Bertelli to talk to u

Read Full PostRead - Eye Icon
Redefining Business Advisory Services
News
26/07/2022Redefining Business Advisory Services

Recognising the clear, unmet need for a reliable one-stop shop for business, financial and professional services, Occams Advisory was founded in 2012 to provide complete solutions in the areas of Business Services and Growth Incubation (BSGI), Capital Markets

Read Full PostRead - Eye Icon
Leading Drug Education Charities, Angelus and Mentor to Merge
Innovation
29/09/2016Leading Drug Education Charities, Angelus and Mentor to Merge

Angelus is the only UK charity dedicated to raising awareness of the risks from new psychoactive substances (also known as 'legal highs'). Mentor UK is the UK's leading charity working to prevent the misuse of alcohol and drugs among children and young people.

Read Full PostRead - Eye Icon
Success That Goes Beyond Science
Innovation
14/02/2020Success That Goes Beyond Science

Cambrex is a contract development, manufacturing and testing organisation, headquartered in Durham, North Carolina. We caught up with Natalee Campbell who gave us a detailed insight into the innerworkings of the successful firm.

Read Full PostRead - Eye Icon
The War on Cybercrime
Innovation
08/06/2016The War on Cybercrime

DMH Stallard is an award winning law firm providing strategic and operational legal advice.

Read Full PostRead - Eye Icon
Initiative & Finance Acquisition of Minority Stake in FAK
Finance
23/07/2015Initiative & Finance Acquisition of Minority Stake in FAK

Initiative & Finance Acquisition of Minority Stake in FAK

Read Full PostRead - Eye Icon
5 Creative Social Media Strategies for Alcohol Brands to Try in 2022
News
10/08/20225 Creative Social Media Strategies for Alcohol Brands to Try in 2022

People consumed alcohol at all times, and today the average check size has alcohol drinks. Alcohol brands compete for consumers’ attention and use social media promotion. Find creative ideas to manifest your product online.

Read Full PostRead - Eye Icon
Data May Impact on Your Business Valuation in an Acquisition
M&A
30/11/2015Data May Impact on Your Business Valuation in an Acquisition

With the recent increase in M&A activity, Proven Legal Technologies, the corporate forensic investigation expert, is warning businesses about potential data liabilities and how large data libraries can impact a company’s valuation in an acquisition.

Read Full PostRead - Eye Icon
How To Get A USA Green Card Through Investment: Understanding The EB-5 Requirements
News
11/04/2022How To Get A USA Green Card Through Investment: Understanding The EB-5 Requirements

The United States is the most popular destination for international migrants. In 2021 alone more than 20 million people applied for a green card but only 50,000 were issued. This shows how tough it can be, however, there’s some good news for those that c



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