Office development in Putney sells for more than £30m

Thackeray Group, the real estate investment, development and asset management company owned by Antony Alberti and Brett Palos, has sold its Assembly Rooms office development in Putney to a private investor for more than £30m.

Assembly Rooms is the first new office development in Putney for over a decade. Designed by Jo Cowen Architects, it provides 26,624 sq ft of office and retail space over basement, ground and three upper floors, as well as a gym and panoramic roof terrace to ensure a healthy work-life balance.

The Assembly Rooms was designed to ensure a highly sustainable destination through reducing energy usage, increasing positive environmental diversity and its commitment to the health and well-being of employees.

The development was put on the market in April after it was let to Gallaher Limited and NatWest. Gallaher Limited signed a 10-year lease for the 22,218 sq ft of office space, while NatWest signed a 15-year lease for a 4,406 sq ft bank on the ground floor and basement.

Antony Alberti, CEO and co-founder of Thackeray Group, said: “The sale of the Assembly Rooms follows the successful completion of our business plan for the development and endorses our decision to carry out the first office development in Putney for a decade. It takes our disposals so far this year to £70m, which provides us with equity for reinvestment into more active opportunities”.