News

15 September 2021

NEW OWNERS FOR CRAWLEY’S ASTRAL TOWERS

Development, Offices


Astral Towers, one of Crawley’s most recognisable office buildings, has recently been purchased by BYM Capital as part of its continuing acquisition of well-positioned real estate assets. The distinctive glass-clad building, close to Gatwick Airport, was bought from Colony Capital and Quidnet Partners earlier this summer. Totalling 118,000 sq ft, its occupiers include British Airways Holidays, Avios, Concur, Sulzer and Westcon.



SHW has been retained as letting agent, continuing its involvement in a property that goes back nearly 20 years.

 

Adam Godfrey of SHW said: “Astral Towers has everything an occupier could want from their workspace including great car parking; an impressive, newly-refurbished reception area; a dedicated minibus and a 24-hour gym and Tesco Express on the ground floor.”

 

The agency team is being expanded to include DTRE from London. Some 50,000 sq ft is available, ranging from suites of 2,000 sq ft to individual floors of 14,000 sq ft.

 

Lucinda-Lee Bapty, chief operating officer of BYM Capital, said: “We are excited about our recent purchase of Astral Towers in what is a key market for us, and I am sure our pro-active approach to real estate will be welcomed by tenants, both existing and new.”

 

Despite tough market conditions, companies clearly recognise the benefits that Astral Towers has to offer, as the agents report encouraging interest and a couple of transactions already in lawyers’ hands.


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Author

Adam Godfrey

Senior Partner

Agency

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