Ted Baker’s bid to purchase the freehold to its 78,920 sq ft head office building in London has gone through.
Ted Baker HQ, The Ugly Brown Building
As previously reported by Drapers, Ted Baker entered into a contract with Leysin Investments on December 17 to acquire Block B, Canal Reach, St Pancras Way, London - also known as The Ugly Brown Building. The deal completed yesterday (January 5).
Ted Baker said the acquisition, which set it back £58m including costs of £3m, would give it more certainty over its operating costs, as it will no longer be exposed to rising rent reviews.