Sidra Capital, the Saudi investment firm, has completed its acquisition of the Countryside House HQ in Brentwood, within the M25 submarket, for £19 million. The property, now under a 15-year lease to Countryside PLC, a company listed on the FTSE 250, is set for a £8 million refurbishment. This investment aims to upgrade the building into a leading, environmentally friendly headquarters.

The office, a Grade A structure, stands in a well-connected southeast location, offering direct access to Central London and broader UK regions. With three levels of office space, totaling 38,878 square feet, and 165 parking spaces, it boasts a superior parking ratio enhancing its appeal as a workplace.

Hani Baothman, Sidra Capital’s Chairman, expressed satisfaction over securing a high-quality building leased to a reputable tenant in a desirable area. He emphasized the acquisition reflects the firm’s ongoing commitment to the UK market, highlighting the importance of modern and purpose-built office spaces in prime locations for tenants and investors alike.

Baothman also noted the investment underlines Sidra Capital’s strategy to offer high-yield opportunities in established markets, aligning with investor goals and ambitions. The firm’s optimism about the UK’s economic recovery and investor confidence, rejuvenated by the easing of Covid-19 restrictions, supports its investment approach in the region.