Blackfriars Crown Court sold to Fabrix Capital

Property investment manager Fabrix Capital has beaten off stiff competition to acquire Blackfriars Crown Court, SE1.

The 1.4-acre freehold site on Pocock Street, Southwark, was put up for sale in March by Her Majesty’s Courts and Tribunals Service for in excess of £45m.

It is understood Fabrix has paid around £65m for the court, which is due to close by 2020.

The firm is expected to convert the existing building into a commercial-led scheme containing offices and some retail.

Fabrix is already an investor in Southwark, having last year purchased the former police building