PPR acquires Hackney office asset for regeneration

PPR acquires Hackney office asset for regeneration

PPR Estates (PPR) is pleased to announce the acquisition of 17 Sylvester Road, Hackney, London E8, into the firm’s town centre regeneration fund.

The site comprises approximately 30,000sq ft of open-plan office accommodation arranged over ground and four upper floors, together with a substantial carpark. The property is located in close proximity to Hackney Town Hall and within a short 100m walk of Hackney Central Overground Station, benefiting from excellent connectivity and strong local amenities.

The site is currently vacant and, given evolving occupational requirements, is no longer fit for purpose in its existing office configuration. Positioned within an area undergoing significant residential-led regeneration, PPR intends to reposition the asset and bring it back into viable use in line with the firm’s ESG-led approach.

Jon Caplan, Managing Director of PPR, commented:
“We are pleased to have secured this well-located Hackney asset and to add it to our regeneration portfolio. We look forward to working closely with local stakeholders to bring the building back into productive use. We are already engaging with potential occupiers and the local planning authority to deliver a sustainable scheme aligned with Hackney’s long-term needs.”

PPR’s regeneration and value creation strategy

PPR continues to actively deploy capital into similar opportunities, targeting underutilised assets in strong town centre locations. The firm specialises in identifying assets where value can be unlocked through asset management, planning and repositioning, often transitioning obsolete commercial buildings into more sustainable and relevant uses.

PPR also partners with existing owners through joint ventures, providing discreet access to its expertise in asset management, planning strategy and development execution.