Unica Capital has acquired a commercial asset in the heart of Victoria, London. 35 Great Smith Street, early 20th-century building is close to the House of Lords, the British Parliament and Westminster Abbey.

Totalling 31,850 sq ft office accommodation, the building is arranged over six floors (lower ground, ground and four upper floors), and offers shower facilities and four underground car parking spaces.

At the time of purchase, the premises are let to a government agency – The Secretary of State for Housing Communities and Local Government.

Byron Baciocchi, Unica Capital Chairman and CEO said: “This acquisition follows the strong strategy that we set up last year, on acquiring historical buildings in prime locations while meeting our ESG commitment and new government environment guidelines in London. This underpins our strength in investing in future-proof commercial real estate.”

Based on studies carried out by architects, the fourth floor could be extended, and an additional level could be raised. Both could create outdoor spaces, improving the offering of the commercial building.