Camden office scheme acquired by railways pension investment manager

An office development in North West London has been acquired by the investment manager of the £30bn railways pension scheme.

RPMI Railpen has purchased the Camden Works office scheme in the centre of the Camden borough for an undisclosed sum.

Formerly a piano manufacturing site, Camden Works comprises three neighbouring warehouse-style buildings, totalling 44,221 sq ft of office accommodation.

Emily Atkinson, asset and transaction manager at RPMI Railpen, commented: “The many exceptional attributes and prospects of Camden Works make the asset a particularly valuable addition to our portfolio.

“Boasting unique appeal and excellent transport connections, Camden Works meets our core investment themes. We will be making strategic investments to enhance the distinctive character of these buildings.

“This will drive Camden Works’ appeal for office occupiers and generate long-term returns for Railpen’s members, through a host of asset management, redevelopment and future rental growth opportunities.”