PIC agrees £268m forward purchase of 2 Ruskin Square

Croydon office represents second investment by PIC in a net-zero hub within the last year

Martin Richmond
clock • 2 min read
Aerial view of PIC’s £268m investment, 2 Ruskin Square, adjacent to East Croydon railway station
Image:

Aerial view of PIC’s £268m investment, 2 Ruskin Square, adjacent to East Croydon railway station

Pension Insurance Corporation (PIC) has agreed the £268m forward purchase of 2 Ruskin Square, a 344,940 sq. ft office in Croydon, from the Schroders Capital UK Real Estate Fund (SCREF).

The office, which is due for completion later this year and will be ready for service in August 2024, will be let to the Government Property Agency (GPA) to provide PIC with secure, long-dated and ...

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