Navana Property Group acquires GBP45m portfolio in South East London
Navana Property Group, led by CEO Harry Fenner, has acquired a property portfolio in Crystal Palace, London, valued at over GBP45 million – bringing together 60 tenancies and 40 titles for the first time.
Navana Property Group will proactively asset manage the new portfolio.
Harry Fenner, CEO of Navana, says: “This deal was far more complex than an acquisition of this size should usually be and has taken many months to put together. The properties are in an exciting part of London and we believe there is great opportunity to invest in the portfolio to better suit the needs of local people and newcomers to this vibrant part of London.
“Many of the plots are underdeveloped and due to effects of coronavirus, there is currently a large amount of vacant commercial space.
“Two of the multi-tenant offices blocks will be turned into mixed-use blocks, whilst the Haynes Lane site is perfect for a mixed-use development, bringing new energy and diversity to the local area. We are looking forward to getting started.
“This investment is a welcome addition to our portfolio and will bring significant social and economic benefits to Crystal Palace over the long-term.”