Home » News


Sparta buys its fifth property in Farringdon

Consulco Real Estate has acquired a new building to add to its Sparta property fund portfolio. The building is a combined restaurant and office space located in Farringdon, central London.

This is already a thriving retail and business district and is where one of the most important London Crossrail stations will open next year.  The impending launch of this hugely significant station, combined with Crossrail’s overall expansion of London’s rail network, marks Farringdon out as one of the most desirable parts of the city in which to open new office spaces.  This is bolstered by both LinkedIn and Goldman Sachs’ recent new office acquisitions – among others – in the area, and gives us every confidence that Farringdon will prove an exceptional investment location for many years to come. 

Sparta buys its fifth property in Farringdon

Acquired Property Details

The property, acquired for £1,675,000, sits in the very heart of Farringdon at the eastern end of Cowcross street.  The upper floors are in very poor condition but provide opportunity to add significant value through refurbishment. 

It is immediately adjacent to Polpo, a popular Venetian-inspired restaurant, and with upscale fast food outlets such as Pret a Manger, Leon and Itsu nearby.  The building is also just 50m from Smithfield Market, London’s oldest and principal meat market.  The City Corporation, who owns Smithfield, has recently instructed a firm of surveyors to search for an alternate site on which to combine Smithfieldwith two other London markets.  If this were to happen, the Smithfield site would be freed up for development, potentially attracting great footfall to the area.

Sparta buys its fifth property in Farringdon


Portfolio Update

  • The tenants of all occupied buildings are paying their rent on time.
  • A rent review will be carried out on our Ealing property in January 2019.
  • An outstanding rent review for our Camden building is due to be settled shortly.
  • Consulco Real Estate will soon appoint an architect and planning consultant to advise on a reconfiguration, conversion and extension of the Camden property.
  • Long Lane is due for refurbishment.  A response to a planning application asking to change the use of its ground and basement floors and to add a further top floor is due in October.  

 For more information please contact us at london@consulco.com.


© 2019 Consulco Capital. All rights reserved.
Designed & Developed by
Consulco Capital Limited, is an alternative fund manager, authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC), under License number AIFM05/56/2013. Risk warning: Investing in financial instruments involves a high degree of risk and may not be suitable to all investors. Trading in financial instruments can result in both an increase or decrease in capital. Please refer to our Risk Disclosure available on our web site for further information.


The information contained in this webpage is provided for general information only and does not constitute a recommendation, offer or invitation to make an investment, nor has it been prepared in connection with any such recommendation, offer or invitation, and is not directed to any person in any jurisdiction where the publication or availability of the information is prohibited. In preparing the information, we have not taken into account your objectives, financial situation or needs. Before making an investment decision, you need to consider whether this information is appropriate to your objectives, financial situation and needs. The information contained herein has been obtained from sources that we believe to be reliable, but its accuracy and completeness are not guaranteed. Any examples shown may be purely hypothetical and have been included for demonstrational purposes only.

The performance, or any particular repayment of capital is not guaranteed. Past performance is not a reliable indicator of future results. Returns linked to currencies may increase or decrease as a result of currency fluctuations. Tax treatments depend on the individual circumstances and may be subject to change in the future.

Phone details

Nicosia, Cyprus
73 Metochiou Str., Engomi 2407, Cyprus

Tel.: + 357 22 361300
Fax: + 357 22 752597


Get in touch