In a joint venture with Cardiff Property Plc, we purchased the former Gate House in
Brookwood Cemetery, which comprised 12,000 sq ft (1,114 sq m) of poor quality buildings, let to a
computer company.
The property lies in the Green Belt and is a short walk from Brookwood main line BR
station.
As joint venture partners, we secured:
- Planning consent for 25,000 sq ft (2,323 sq m) of offices
- By the use of management contracting, significant savings in the cost of construction
- A letting of the whole at practical completion to Retail Decisions plc
- A sale of the resultant investment to Royal and Sun Alliance for long term retention in its property portfolio
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