U+I is linking up with American developer Colony NorthStar Inc to spend £300m on office refurbishment jobs in London, Manchester and Dublin.
The joint venture will transform “underperforming office buildings through improved planning, development, refurbishment and asset management.”
The first projects will be The Record Store at The Old Vinyl Factory in London and Donnybrook House in Dublin.
Matthew Weiner, Chief Executive of U+I, said: “The specialist platform will target opportunities to develop high quality office space where there are limited options for new build.
“There is currently a shortage of offices across U+I’s core locations which provide the right space or environment to satisfy the needs of today’s modern enterprises.
“Office refurbishment is one of U+I’s core skills, this platform will allow us to deliver workplaces tailored for the 21st century and create value through our expertise in planning, development, refurbishment and asset management.”
