Wick Lane

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Residential Development Site

Highly sought after site – prime development location of c15 acres adjacent to the Olympic Park of Stratford, London.

The scheme involves the redevelopment of a commercial brownfield site into a mixed use, mainly residential scheme.

Section Through Atrium Detailed planning consent achieved historically for 247 student accommodation units with a community centre.

Plans to develop approximately 200 residential units with commercial work space.

Property Type Residential
Initial Cost £1.76m
Date Acquired Oct 2011
Net Rental Yield 5.3%
Subsequent Expenditure £886k
Date Sold Feb 2016
Exit Value £13m
Unlevered MM 4.16x
Unlevered IRR 41.8%

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With the ultra-high technology companies and candidates that we work with, the Tech Park’s location and its links to the world class Cranfield University are an important part of our own brand.

GEOFF COCKLE, DIRECTOR, VECTOR RECRUITMENT, TENANT OF CRANFIELD UNIVERSITY TECHNOLOGY PARK

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