News from Vengrove
Vengrove and Jingdong Properties Acquire German Logistics Asset
Vengrove Leases Unit 6 West Point Enterprise Park
Long Term Investment In Norwich Research Park Announced
Beyond Apartments Opens in Soho
Vengrove Completes Soho Office Redevelopment
Practical Completion Achieved at Avalon Point
Beyond Apartments Wins Award
Vengrove Makes Project Management Hire
Vengrove Expands to Europe
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Vengrove and Jingdong Properties Acquire German Logistics Asset
Vengrove, in partnership with Jingdong Properties (JDP), has completed its first acquisition in Germany: a state-of-the-art logistics facility at Wilhelmshaven’s JadeWeserPort. Spanning 47,105 sqm, the Grade A unit, developed in 2019, is fully leased to Volkswagen until December 2025.
The asset, acquired for over €30m, benefits from its prime location at Germany’s only deep seaport, offering trimodal connectivity across Europe and Asia. The JadeWeserPort’s importance as a trade hub continues to grow, with recent developments including a direct shipping route to Ningbo, the world’s largest port.
Vengrove Leases Unit 6 West Point Enterprise Park
Vengrove is pleased to share that the leasing of Unit 6 Westpoint Enterprise Park has completed. The unit is newly refurbished in a prime location in Trafford Park and we are delighted to welcome Lucchini Unipart Rail Ltd to our portfolio.
6 Middle Street, London
The award-winning redevelopment of 6 Middle Street involved an extensive refurbishment and rooftop extension to Trust for London's former headquarters, situated within the Smithfield Conservation Area near Barbican. The project, completed with Hale Brown Architects, transformed the building into a high-end bespoke office, maximising light and space, with high quality design and sustainability at its heart.
The scheme was completed under budget and leased upon completion to a single occupier, generating vital revenue for the Trust to reinvest in its charitable objectives.
Notable recognitions for the project include Winner of OAS Award 2022 for Best Delivered Office Space in the City of London under 35,000 sq ft and a BCO London Awards shortlist.
120 Moorgate, London
120 Moorgate was a comprehensive refurbishment retaining the existing structure whilst fundamentally repositioning the asset to a best in class Grade A product, with new facades, additional rooftop office floors, contemporary fitout and improved green credentials.
Vengrove managed the underwrite, acquisition and securing of vacant possession of the existing office and retail units, ahead of the substantial redevelopment, including planning, design, construction and Cat B fit-out workstreams. Vengrove additionally led the asset through lease-up and sale. This included the three levels of previously basement car parking, which were transformed into premium gym space and pre-let to Third Space.
The asset was successfully sold to Sun Venture for £148 million.
Film House, London
Film House was a substantial structural refurbishment and extension project transforming the existing building in London’s Soho to increase its GIA and creating Grade A office and retail space at the ground and basement levels. Vengrove oversaw the redevelopment, asset management, and sale of the property in 2023.
In conjunction with Film House, Vengrove also redeveloped the adjoining building at 140 Wardour St, to create new retail and bespoke Art Deco inspired offices with BREEAM Outstanding. The asset was completed and sold in 2024.
EdCity, London
EdCity is an education-led multi-stakeholder scheme, its core mission is to revitalise one of the UK’s most deprived areas, driving not-for-profit community regeneration and social impact.
Vengrove has led the development management, on behalf of Ark and the London Borough of Hammersmith and Fulham, from the schemes conception, through to contract and is currently two years into the four-year build period across two phases.
Offering 100% affordable homes, four new education facilities and the 100,000 sq ft office housing Ark’s new headquarters as well as other like-minded institutes and charities, the significant regeneration aims to bridge the gap between recent White City commercial development and the local community.
Long Term Investment In Norwich Research Park Announced
Vengrove has announced a significant new investment partnership with Norwich Research Park, to construct new laboratory and office space at the internationally renowned research and innovation campus. This new partnership has the potential to deliver 800,000 sq ft of market-leading accommodation.
Norwich Research Park (NRP) has world-leading credentials bringing together four independent internationally-renowned research institutes: John Innes Centre, Quadram Institute, Earlham Institute and The Sainsbury Laboratory, with University of East Anglia and Norfolk & Norwich University Hospital. It is one of five government funded Biotechnology and Biological Sciences Research Council (BBSRC) campuses in the UK and attracted c. 45% (£164m) of the total BBSRC funding announced in May 2023 over a five-year plan.
Vengrove Expands to Europe
The office will be headed by Korbinian Kirchner, who joins as Partner & Head of Germany. Korbinian is a highly experienced leader with an excellent track record in the German investment market with previous roles as a Director at CapitaLand, as well as Senior Vice President at Valor Real Estate Partners.
Vengrove’s initial primary focus in Germany will be industrial & logistics, with plans to expand its other existing operationally-driven real estate investment strategies in the coming years.
Vengrove Completes Soho Office Redevelopment
The redeveloped and refurbished Mentorn House offers a new retail opportunity as well as office accommodation across the 1st – 6th floors, with amenity terraces to the rear, a spacious ground floor office reception and end of trip facilities provided at basement. The offices include original timber flooring, Crittall style glazing and Art Deco design references throughout.
Beyond Apartments Wins Award
Beyond Apartments was delighted to be the winner of the Best Property 1-20 units for its Fitzrovia site at the Serviced Apartment Awards 2024.
A truly European shortlist from the UK, Spain, Czech Republic, Holland and Luxembourg where Beyond were singled out for the following reasons:
- Environmental impact of the brand
- Great use of materials and knowledge of emissions
- Setting a high benchmark for Wellness Tourism
- Our forward thinking approach to lowering the toxicity of our spaces.
Practical Completion Achieved at Avalon Point
Vengrove has reached an exciting milestone at Erdington Industrial Park, achieving practical completion on its 100,000 sq ft ‘Avalon Point’ logistics scheme.
The two units have been speculatively developed to offer 42k and 58k sq. ft. of best-in-class warehousing, with a specification that includes 10m eaves, BREEAM ‘Excellent’, 44m yard depth and PV panels. A huge thanks to Glencar and the professional team for delivering the project.
Beyond Apartments Opens in Soho
Beyond Apartments has opened their third site in the heart of Chinatown, Soho, London. A mix of newly renovated one and two bed apartments finished to a high standard and fitted out by Beyond, including:
- Naturalmat Beds - 100% natural materials with zero toxicity in beds or headboards using wool
- Rise & Fall & Soak&Sleep - 100% organic cotton sheets and towels
- aquama - Electrolysed water and salt cleaning solution with zero chemicals used
- Oxwash | B Corp™️ - Zero chemicals used to clean sheets and towels washed at low temperatures and delivered in electric vehicles.
Vengrove Makes Project Management Hire
Vengrove has recently welcomed Jelena Lukasenko to the team.
Jelena has joined the Project Management team which is responsible for managing Vengrove’s construction projects. No doubt she will be busy across Vengrove's office, residential, life science and industrial development activity.