CarVal Investors and Chester Properties announce the acquisition of three more office properties in Stockley Park

London, 11 July 2012 – CarVal Investors has just completed the acquisition of 1, 3 and 5 Roundwood Avenue in Stockley Park from the Universities Superannuation Scheme (USS).

The properties occupy a prominent position close to the Park’s main entrance and have a total of ca. 119,400 sq ft N/A and 371 parking spaces. Each office building has large open plan floor plates arranged over ground and first floors. The properties are wholly leased, with relatively short remaining terms.

Carval and Chester commented: “This acquisition reinforces our presence at Stockley Park after the purchase of 2 Longwalk a few months ago. Space vacated in the future will be comprehensively refurbished to Grade A standard to meet future demand in what is becoming a tight market for well located high quality space.”