Reckitt Secures Entire 6 Roundwood Avenue Office Space

Deal News | Mar 05, 2025 | Kennedy-Wilson Holdings Inc

Reckitt Secures Entire 6 Roundwood Avenue Office Space

Kennedy-Wilson Holdings Inc. has secured a major office letting agreement with Reckitt, a leading British multinational consumer goods company. Reckitt will occupy the entire 52,000-square-foot office space at 6 Roundwood Avenue, located in Stockley Park near Heathrow in west London. Stockley Park, a prominent business location, has been diversifying its tenant base due to growing vacancy rates. Kennedy Wilson acquired the office as part of a larger portfolio deal valued at £211 million from Apollo Management Holdings in 2015. This new leasing agreement signifies another important occupancy achievement for the Stockley Park area, particularly following the significant relocation of Canon in 2021.

Sectors

  • Real Estate
  • Consumer Goods

Geography

  • United Kingdom – The transaction involves office space located in Stockley Park near Heathrow in west London. Reckitt is also headquartered in Slough, UK.

Industry

  • Real Estate – The article discusses the leasing of office space at Stockley Park, making it relevant to the real estate industry.
  • Consumer Goods – Reckitt is a multinational consumer goods company, and their involvement in leasing the office space links the article to the consumer goods industry.

Financials

  • £211 million – The purchase price by Kennedy Wilson in 2015 for the office portfolio including 6 Roundwood Avenue.

Participants

NameRoleTypeDescription
Kennedy-Wilson Holdings Inc.LessorPE FirmA private equity firm involved in the real estate sector, owner of 6 Roundwood Avenue.
ReckittLesseeCompanyA British multinational consumer goods company occupying the office space.
Apollo Management HoldingsSellerPE FirmThe entity from whom Kennedy Wilson purchased the office portfolio in 2015.
Stockley ParkLocationOtherA business park near Heathrow housing multiple offices including 6 Roundwood Avenue.
CanonFormer TenantCompanyCanon previously occupied space at Stockley Park and relocated in 2021.