Arora Group completes sale of WBC 4, Heathrow’s newest stand-alone office development

1. Sale of WBC4, the newest and the largest office development within London Heathrow’s World Business Centre Estate
   
2. Grove Developments, the Group’s construction division, led the development
   
3. WBC4 entails 85,000sq ft of CAT A office space, and a total area of 145,000 sqft.
   
4. The site will include 161 car parking spaces, numerous cycle spaces and electric car charging points
   

The Arora Group (“Arora” or the “Group”) is pleased to announce that it has exchanged contracts for the sale of WBC 4, London Heathrow, to the local authority, Spelthorne Borough Council, for £47.25 million which is the first new stand-alone office building to be developed in the London Heathrow Airport area in a decade.

This transaction further strengthens the Group’s capability as an end to end real estate player delivering sound long-term value from inception, construction and partnering with the end user.

Surinder Arora, Founder and Chairman of the Arora Group said:

“We have a long history of engagement in Heathrow Airport’s World Business Centre estateand it is hugely satisfying to see WBC 4 through from inception to development and sale. The disposal reflects our strategy to strengthen our portfolio by focusing on assets where we have identified the optimum fit for leveraging our Group capabilities, with the development showcasing the skill and dedication of our Grove Developments team.”

Cllr Ian Harvey, leader of Spelthorne Borough Council, commented:

“The acquisition of WBC4 forms part of our ongoing strategy to mitigate the withdrawal of Government funding for local authorities. As the newest stand-alone office development in the prime Heathrow area, we are delighted with this investment and the income it will generate, to support services for residents in our borough. Arora Group’s Grove Developments team has been a pleasure to deal with, ensuring the development’s construction is in line with the requirements of the incoming secured tenant, Amadeus.”

Learn more about this development.

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Notes to Editor

For further information and media enquiries, please contact:

FTI Consulting

Eleanor Purdon  0203 727 1000

Arora Group

The Arora Group is a privately owned property group, which develops, owns, and manages a diverse portfolio of assets, with a strategic focus on the UK’s business hubs and airport locations. Since its foundations in 1999, the Group has demonstrated meticulous project and asset management, today partnering with some of the world’s most recognised brands, to deliver consistently high standards and sustainable growth across its property, hotel and construction divisions.

For more information please visit www.thearoragroup.com

@Arora_Group

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