Eagle Street Partners, the pan-European real estate investment and asset manager, has announced its acquisition of the prominent office building Hertz House in Uxbridge, West London. The high-profile, modern offices, totalling almost 70,000 sq. ft. over four floors, are the current UK headquarters of the building’s tenants, the automotive rental company Hertz Europe.
The office boasts excellent transport connectivity to central London and beyond with Uxbridge Underground station, served by the Metropolitan and Piccadilly lines, just a five-minute walk away. Additionally, the M40 and M25 motorways, and Denham and West Ruislip railway stations, are easily accessible.
Located in Uxbridge, Hertz House is at the centre of the major West London office market with a total office stock of approximately 2.9 million sq. ft. The area has consistently attracted global corporate occupiers including Xerox, Coca Cola, Amgen Pharmaceuticals, Nexen Pertoleum, Mondelez, PWC, HerbaLife, Pizza Express, Parexel, and Manpower.
Over the course of the past eight months Eagle Street has committed around £150 million in invested capital towards offices, hospitality, and residential development real estate projects in the UK and Ireland, including the acquisition of five yielding commercial offices in the UK and Ireland. These office acquisitions have combined total over 350,000 sq. ft and include tenants such as GlaxoSmithKline PLC, Accenture, and now Hertz Europe.
Eagle Street’s investments to date have principally been sourced off-market. Eagle Street is actively seeking new investment opportunities in the UK and Ireland and is keen to build on its momentum to date and reputation for providing transaction certainty to vendors.
