Acting for developer, Quintain, Colliers International has sold First National House, a 43,854 sq. ft. office building above Harrow-on-the-Hill station, and a nearby carpark, to Realstar Group, a property investment company.
Transport for London (TfL), which owns the free-hold of the office and car park, has long been awaiting a redevelopment of the station to provide step free access, while simultaneously, Harrow Council have identified the site as being within their town centre regeneration area.
, Residential Development Director at Colliers International commented: “Realstar Group is one of the few investors in London with the foresight and technical aptitude to work with TfL in improving the condition of the building while they deliver significant improvements to the station”.
Adam Ward of Quintain said: “This landmark sale is one of our last legacy projects as we refocus our attention on building London’s next great estate of 7,000 new homes at Wembley Park, 5,000 of which will be for rent. We believe in bringing properties and places to life and the potential of this project will help to achieve this vision.”