Immobilien鈥檚 UK-focused fund has added a 拢39m (鈧�45m) London office asset to its portfolio.
The open-ended 拢525m Hanover PUT fund has acquired Coda Studios office space in Fulham from Colombia Threadneedle.
Coda Studios provides almost 65,000sqft of gated, secure office accommodation across 56 self-contained private suites, ranging in size from 300sqft to 3,000sqft.
Simon West, the fund manager of Hanover at Patrizia, said: 鈥淭his is a unique West London business and we see a real opportunity to offer the type of office accommodation that tenants are seeking in today鈥檚 market.
鈥�95% of private businesses in the UK employ less than 50 people and Coda is perfectly placed to attract these companies.鈥�
Charlie Bishop of Moorevale, Patrizia鈥檚 local operating partner for the Coda project, said: 鈥淲e are genuinely excited about teaming up with Patrizia once again. This project holds great potential and provides a comprehensive occupational solution for small- and medium-sized enterprises.鈥�
