The Interchange

Historic Grade II listed office space in Camden Town.

Red Book ValuationRBV £60.5m Net Lettable AreaNLA 65k sqft Estimated Rental ValueERV £3.3m

The Interchange Building is a 65,000 sq. ft. Grade II Iisted property currently let to global media group, Associated Press. The Interchange Building was originally a Victorian railway warehouse and is of particular architectural interest due to its prominent water tower and bold detailing. A private canal inlet runs beneath the warehouse and so once did railway lines to allow for the direct transfer of goods between train and barge during the 19th century. It was converted into an office in 1989. The Interchange Building forms an important extension to Camden Lock Market offering strong potential upward rent revision and provides significant long term marriage value for the company’s Camden Market estate as a whole.

The Interchange Building and Camden Wharf were acquired at the same time. ‘‘These are highly strategic property acquisitions that extend the footprint of our Camden Market estate and propel our vision to significantly enhance Camden’s built environment to create a world class living, working, retail and leisure destination under a single unified ownership,’ explains Charles Butler, CEO of Market Tech. ‘The assets straddle both banks of the Regent’s Canal and are ideally suited for future enhancement.’