PPR buys Thames riverside site for £55m re-generation project

PPR buys Thames riverside site for £55m re-generation project

PPR Estates (PPR) confirms the acquisition of Chivas House, Chancellors Wharf, London for £55m re-generation project. The prime Thames riverfront site benefits from stunning Hammersmith Bridge views and currently comprises over 34,000sq ft office space across four floors plus under croft parking, plant space and a large riverside courtyard.

Having been vacant since the Covid-19 Pandemic due to changing business requirements, the site is surrounded by residential property nowadays and no longer fit for purpose as offices. As re-generation specialists, PPR look forward to bringing it back into viable use in an environmentally and socially useful way.

Jon Caplan, MD of PPR Comments: “We are excited to acquire this prime riverside site to our office regeneration portfolio and look forward to working with all our stakeholders to bring it back to life very soon. We are already working with potential new occupiers and local Planners to ensure the site has a sustainable future that meets Hammersmith’s needs.

This type of core plus London site fits PPR’s office regeneration fund criteria perfectly.”

Core plus office re-generation mission using Big Data and CRE Relationships

PPR has considerable further funds to invest in similar site acquisitions this year and beyond.

PPR’s proprietary database of all 17,000 core plus offices at a Freehold site level in SE England combines over 2 million data points collated from public and private sources in collaboration with Imperial University London, our team of Geo-spatial Data Analysts, surveyors and AI expertise. This proprietary ranking by building enables PPR to rapidly assess and offer on all suitable core plus office regeneration sites to mutual efficiency with agents and vendors.

PPR also regularly collaborate in joint venture projects with office owners wishing to benefit from our discreet Asset Management, Planning Gain and Development expertise.