Praxis Group has acquired 63 acres of Kings Hill town centre, a mixed-use development in Kent home to approximately 200,000ft² of retail and leisure facilities.
The site is also home to more than 50 businesses including â including Rolexâs UK headquarters â and more than 3,200 homes.
In total, Praxis Group has added almost half a million square feet of commercial space to its portfolio.
Praxis said it has worked closely with Kings Hill stakeholders to develop a long-term rebalancing strategy, which will see part of the newly-acquired estate redeveloped alongside an inward investment to upgrade the core office portfolio into sustainable Grade A accommodation.
Chief operating officer at Praxis James Hewitt said: âWe are excited to become a significant stakeholder in Kings Hill and believe our active real estate management and placemaking expertise can accelerate the successful evolution of the town.â
