Moorfield Group, the UK real estate private equity fund manager, has announced the launch of Aurora, a fully refurbished and striking office building in Ealing, London. The building comprises 51,941sq ft of Grade A, contemporary and design-led office space.
Aurora has five floors of Grade-A office space, with a large reception and atrium. It is named after the Roman goddess of dawn due to a lightwell that runs from the ground floor to the roof, flooding every floor with natural light. As well as the atrium space it has on-site parking for 80 vehicles, a roof terrace and shower facilities.
The fourth floor marketing suite hosts the latest immersive Virtual Reality technology to enable potential occupiers to see first-hand what their fit out might look like.
Charles Ferguson Davie, CIO, Moorfield Group said: “We saw the location and the building as a good opportunity develop a best in class modern office in a location that will benefit hugely from the Crossrail line once it opens late next year. The space is expansive and flexible enough to accommodate several businesses or alternatively, it could become the impressive headquarters of a single company.
“There is very little good quality office supply available in Ealing and we believe that we are offering a very attractive proposition to corporate occupiers requiring Grade-A space in a well-connected location with great amenities on hand, at prices that are more competitive than Hammersmith and Chiswick.”
Tony Lawson, Founding Partner, XLB Property, said: “We are delighted to see the completion of Aurora. The building’s modern design and reconfiguration has provided Ealing with an exciting new landmark office building. The timing of its availability should tie in well to benefit from a thriving West London market in which Ealing has been leading the way.”
Aurora sits right at the epicentre of Ealing’s business district. Ealing is the well-connected West London borough currently undergoing a regeneration-driven renaissance. It is already only 10 minutes away from Paddington, and only 15 minutes away from Heathrow; when the Crossrail Elizabeth Line opens in 2019, many journey times will almost halve and Bond Street will be reachable in under 11 minutes and Canary Wharf in 25 minutes.
The local economy is attracting evermore upscale retailers, restaurants and businesses and hundreds of new homes are being built – across several different schemes – to cope with the surge in interest in the area.
Moorfield Real Estate Fund III (MREFIII) purchased Aurora from Threadneedle Investments for £22 million in December 2014.
The development has been managed by XLB Property.
The agents for the building are JLL and Hanover Green.