Railpen acquires second Camden location for its office portfolio

Railpen, the investment manager responsible for the safekeeping and administration of over £37 billion AUM for several pension schemes, has purchased its second Camden office scheme on Bayham Street, North West London.

The 23,191 sq ft office on 101 Bayham Street is located in the heart of Camden, one of London’s most vibrant and diverse sub-markets. The art-deco office building boasts four floors of office accommodation, as well as a roof terrace and wider building amenities. Positioned just 100 metres from Camden Town underground station and between the King’s Cross and Euston regeneration projects, Railpen’s new Camden office building is located in a key area of the capital.

The acquisition follows Railpen’s purchase of the Camden Works office scheme in 2020 and reflects Railpen’s strategy of creating clusters of high-quality assets in locations with the opportunity to drive rental growth. Railpen will also enhance The Bayham Street office’s sustainability credentials to be best-in-class, aligning with its wider asset management objectives and commitments.

Emily Atkinson, Asset and Transaction Manager at Railpen, commented: “We are pleased to be expanding our portfolio with the addition of 101 Bayham Street in Camden. It joins Camden Works in creating a cluster of high-quality offices in an area of London that is set to thrive over the coming years. This is a strategic purchase that provides opportunities to deliver increased returns for our members while also reflecting our focus on prioritising ESG goals in our acquisitions, in this case through sensitive and relevant redevelopment.”

Hugh Faith from JLL acted for Railpen. Ryan Springer from Springer Nicholas represented the vendor.