Gramophone, London

A modern multi story building with large glass windows stands alongside a canal with narrowboats, surrounded by other buildings and greenery in an urban area.

Redevco Capital Partners acquired Gramophone in 2025, a landmark sustainable office campus in west London. The transaction was completed in joint venture with a local partner. Acquired at a level equivalent to a third of replacement value and with a substantial pre-let signed on completion, Gramophone aligns with RCP’s value-add investment strategy focused on high-impact mixed-use and sustainable urban repositioning – building value for investors and enriching communities.

Gramophone features two buildings next to the Grand Union Canal in North Kensington: Gramophone Works, a new 6,100 sqm six-level timber-framed workplace and The Studio, a separate 1,900 sqm four-level Victorian former warehouse. 

Gramophone Works
Gramophone Works was completed in 2022 to a highly sustainable specification. Formerly a vinyl record factory, the building was extended by four storeys using a CLT and glulam timber frame with 1,222 tonnes of embodied CO2 (152kg CO2 e/sqm). It was the largest CLT and glulam office building in Europe at the time of construction, winning the Environmental Prize at the 2021 New London Awards and it has a BREEAM Excellent rating.

On completion, a long-term lease on the lower floors was signed with a renowned creative arts organisation. The remaining upper floors, featuring panoramic London views, will be separately leased to creative occupiers.

The Studio
The Studio was renovated in 2018. RCP and its partner intend to further improve the Studio into a mixed-use sustainable building, working with local stakeholders to enhance its long-term value and enrich the local community.

Acquired

Q1 2025

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Location

Kensington, London

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Asset Type

Office
Mixed-Use

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Area

8,000 sqm

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Highlights

  • Distressed acquisition at material discount to replacement cost
  • Award-winning timber sustainability credentials
  • Substantially de-risked on completion with social impact pre-let
A modern office building with large glass windows stands beside a canal with boats moored along the water, under a clear blue sky.
A modern multi story building with large glass windows stands alongside a canal with narrowboats, surrounded by other buildings and greenery in an urban area.
A modern rooftop terrace with sleek metal beams and glass railings at sunset, overlooking a cityscape with buildings and trees under a clear sky.
Spacious modern office with large windows, exposed wooden beams, and visible ductwork. sunlight streams in, casting shadows on the polished tile floor. the room is empty and bright with a view of the city outside.
Modern office interior with exposed wood beams, large glass windows, and natural light. there is an open staircase, a railing, and a mix of concrete and wooden surfaces creating a spacious, airy atmosphere.
Works 5
A white, multi story building with large windows and blue doors stands on a street corner, partially shaded by leafy trees. the sky is clear with some clouds, and nearby buildings and a metal gate are visible.
Spacious, modern, empty interior with white walls, large windows, exposed ceiling pipes, and shiny gray tiled floor. natural light enters from the windows, and an exit is visible at the back.
A spacious, modern, two story interior with white walls, large windows, glass railings, exposed ductwork, and light wood flooring, filled with natural light.
A spacious, empty industrial style room with large skylights, white walls, and exposed ductwork. sunlight streams through the glass ceiling, casting geometric shadows on the clean, light colored floor.
A modern office building with large glass windows stands beside a canal with boats moored along the water, under a clear blue sky.
A modern multi story building with large glass windows stands alongside a canal with narrowboats, surrounded by other buildings and greenery in an urban area.
A modern rooftop terrace with sleek metal beams and glass railings at sunset, overlooking a cityscape with buildings and trees under a clear sky.
Spacious modern office with large windows, exposed wooden beams, and visible ductwork. sunlight streams in, casting shadows on the polished tile floor. the room is empty and bright with a view of the city outside.
Modern office interior with exposed wood beams, large glass windows, and natural light. there is an open staircase, a railing, and a mix of concrete and wooden surfaces creating a spacious, airy atmosphere.
Works 5
A white, multi story building with large windows and blue doors stands on a street corner, partially shaded by leafy trees. the sky is clear with some clouds, and nearby buildings and a metal gate are visible.
Spacious, modern, empty interior with white walls, large windows, exposed ceiling pipes, and shiny gray tiled floor. natural light enters from the windows, and an exit is visible at the back.
A spacious, modern, two story interior with white walls, large windows, glass railings, exposed ductwork, and light wood flooring, filled with natural light.
A spacious, empty industrial style room with large skylights, white walls, and exposed ductwork. sunlight streams through the glass ceiling, casting geometric shadows on the clean, light colored floor.