Terms agreed on £40m Thames Wharf Studios site

RPMI Railpen the Railways Pension Scheme has been identified as the buyer of the property in Hammersmith.
The site was granted full planning permission in 2015 for the construction of two buildings to replace the existing buildings fronting the River Thames. The scheme will deliver 57 residential units with office and flexible office/restaurant space at ground floor level.
The Livingstone brothers’ London & Regional Properties offered the property in 2017 for an asking price of £40m.
RPMI Railpen is one of the UK’s largest and longest established pension funds. The Fund manages around £28 billion on behalf of the scheme’s 350,000 members who are connected with the railway industry.