PLANTATION PLACE SOUTH 1 LONDON - A highly specified office and retail A rare, 0.54 acre building, developed by British Land freehold corner site in 2004. in the heart of - 163,788 sq ft (1,5216 sq m) of Grade A office and retail accommodation the City of London’s arranged over basement, ground and nine insurance district. upper floors. - Multi-let to eight global tenants including Beazley Management Ltd, Sucden (UK) Ltd and Arch Insurance Company (Europe) Ltd. - The building produces a total income of £8,486,833 per annum (inclusive of vendor rent guarantees), reflecting a low overall rent of only £51.82 per sq ft. - The property benefits from a range of lease lengths with over a half of the income on long lease terms expiring beyond January 2025. - Strong asset management potential given the low overall passing rent and near term vacant possession of some of the best floors in the building. - Offers are invited in excess of £170,000,000 for the shares in the BVI company that owns the freehold interest in Plantation Place South, subject to contract and exclusive of VAT. - This represents an attractive net initial yield of 4.90%, assuming acquisition costs of 1.80%. INVESTMENT SUMMARY PLANTATION PLACE SOUTH 3 LONDON LOCATION PLANTATION PLACE SOUTH 7 LONDON London is officially the tech unicorn (companies LONDON valued at over $1 billion) A truly global gateway city. capital of Europe, being home to 37% of all tech unicorns with a combined value of $23 billion. London is the centre of London is ranked within the 22% Europe’s tech industry, 38m top two Global Financial of the UK’s with £2.45 billion invested London provides London attracted 38 million Centres Index, and is the Gross Domestic Product in London based tech employment to 5.9 million tourists in 2018. highest ranked European (GDP) is generated by companies - more than any workers, accounting for 17% financial centre. London. other European country. of UK jobs. 33% London is one of the most 4 of Fortune 500 companies London uniquely have their European globally connected cities in boasts four UNESCO World headquarters in London. the world, being home to six Heritage Sites. international airports. PLANTATION PLACE SOUTH 9 LONDON Plantation Place South The property is in a strategic location Lloyd’s of London was founded in 1688, when In 1986, Lloyd’s took occupation of 1 Lime development in the City of London and has within the heart of the prestigious EC3 London had emerged as a strategic global Street, EC3 which was designed by produced part of London’s enviable skyline is exceptionally well insurance district. This position is close to the trade destination. With shipping and cargo renowned architect Richard Rogers and of globally recognised buildings, including located within the core ‘Eastern Cluster’, the area designated by the insurance becoming increasingly prominent, has become iconic for incorporating the The Leadenhall Building (the ‘Cheesegrater’), City of London for high-density commercial Edward Lloyd’s Coffee House became building’s services on the exterior. Referred 30 St Mary Axe (the ‘Gherkin’) and Salesforce of the City of London, tower buildings. the premier destination to acquire bespoke to as ‘The Lloyd’s Building’, it is the prime Tower. Additionally, the construction of the insurance. This early conception very quickly location for insurance businesses and distinctive 20 Fenchurch Street (the ‘Walkie situated at the junction evolved into building the largest specialist considered the centre of the EC3 market. Talkie’) outside of the traditional cluster of Great Tower Street EC3 - A globally renowned address insurance market in the world. further expanded the acceptable zone for large-scale tower developments. Plantation Place South resides within the Lloyd’s of London was previously located in the and Mincing Lane. ‘Eastern Cluster’ - High-density EC3 postcode, which is synonymous with Royal Exchange from 1774 until 1928 when the Plantation Place South will also benefit commercial towers London’s globally recognised insurance market moved its operations to 12 Leadenhall from a wider strategy to enhance the streets district. The address is highly sought after Street, EC3. As insurers required quick access to Plantation Place South is located to the and public spaces of the ‘Eastern Cluster’, by insurance businesses due to the close the market place for syndicates to underwrite south of the ‘Eastern Cluster’ – an area the which will have a positive impact upon the proximity of Lloyd’s of London – the world’s risk, insurance companies began to congregate City of London has declared suitable for immediate surroundings. leading specialist insurance market. around Lloyd’s, with the location holding strong the development of commercial towers. links to the insurance industry ever since. This cluster has brought forward substantial LOCATION PLANTATION PLACE SOUTH 11 LONDON Eldon Street 1 Plantation Place 10 60 Gracechurch Street Moorgate Liverpool Street Accenture Allianz 20 QBE Insurance Finsbury 11 33 King William Street Circus Garden London Wall 2 20 Fenchurch Street Wells Fargo China Merchants Bank 12 Cannon Place Markel International CMS London Wall Copthall Avenue Copthall 3 The Minster Building 13 Tower 42 Wood Street Charles Taylor Hitachi Lyst Regus 17 Tower Research Capital Europe Arnold & Porter 8 GUILDHALL 4 The Willis Building 14 St Helen’s Willis Tower Watson Aviva 19 Deutsche Bank 15 No.1 Poultry Bishopsgate 5 The Scalpel King Street King WeWork 13 9 National Australia Bank W. R. Berkley TOWER 16 21 Lombard Street 14 6 42 UBS 6 30 St Mary Axe t 30 ST MARY 18 Aldgate BANK OF tree 7 Cheapside le S St Mary Axe AXE eed Standard Life 17 Salesforce Tower ENGLAND adn Thre THE LEADENHALL Kirkland & Ellis Bank BUILDING Salesforce DLR 15 Leadenhall Street 5 Aldgate 7 The Leadenhall Building 18 Creechchurch Place Aon Hyperion Insurance ROYAL Brit Insurance Holdings 4 Dell King William StreetEXCHANGE 16 LLOYD’S OF 8 100 Bishopsgate 19 70 St Mary Axe Walbrook LONDON Freshfields Bruckhaus Deringer Sidley Austin BLOOMBERG Cannon Street Fenchurch Street Royal Bank of Canada Mansion House 20 100 Liverpool Street 10 9 22 Bishopsgate Sumitomo Mitsui Banking Fenchurch Street Hiscox LOCAL OCCUPIERS 12 1 Corporation AXA Investment Managers (U/O) Cannon Street Eastcheap Aspen (U/O) 20 2 FENCHURCH Monument 3 Upper Thames Street STREET DLR Great Tower Street Tower Hill 11 Southwark Bridge TOWER OF LONDON London Bridge RIVER THAMES PLANTATION PLACE SOUTH 13 LONDON Plantation Place South BARS, DINING & LEISURE TOURISM is ideally located close Leadenhall Market The Monument to a wide variety of Within a five minute walk to the north west The Monument is one of the City of amenities ranging from lies the historic Leadenhall Market. Dating London’s most recognisable attractions. historic landmarks, from the 14th Century, what once was a meat Originally built between 1671 and 1677, it and game market is now a thriving boutique stands to commemorate the Great Fire of pubs & bars, retail and retail, restaurant and leisure destination London of 1666, which began in a bakery gym operators. set within period Victorian architecture. on Pudding Lane. The Monument lies within a four minute walk to the south west of Plantation Place South, with visitors able to The Royal Exchange climb to the top and observe panoramic views of London. Situated right at the heart of the City, this HEALTH & FITNESS former centre for trade and previous home of Lloyd’s of London offers several bars, With demand for health & fitness continuing The Tower of London to grow and becoming increasingly desired restaurants and high-end, luxury retail. by companies and employees, Plantation This includes brands such as Boodles, Located within a seven minute walk to the Place South benefits from strong access Mont Blanc, Omega, Tiffany & Co., Watches south east lies the Tower of London, one of to a variety of providers. These include of Switzerland and from November 2018, the capital’s four UNESCO World Heritage brands such as Fitness First, Gymbox, Nuffield Fortnum & Mason. sites. Famously used as a prison during the Health, PureGym and Third Space, all within Tudor period, the castle is a hugely popular a 10 minute walk. attraction for tourists visiting the capital. The Ned Located next to the Bank junction, Bank of England Museum The Ned is the new venture from The Soho House Group and Sydell Group. Inside The Bank of England Museum offers a the period building of what was the former variety of exhibitions and displays, showing Midland Bank is now a 252-bedroom hotel the Bank’s origins and role in the economic and member’s bar, along with multiple history of the UK. The museum also boasts restaurants, bars and cafes. a gallery displaying banknotes throughout history and tourists can visit the Bank’s impressive gold vaults. A Vibrant Array of Pubs & Bars In keeping with a rich tradition of public Open House London houses, Plantation Place South is within close proximity to several historic pubs including the During September every year, members of Jamaica Wine House and Simpson’s Tavern. the public are given the opportunity to visit The City also boasts fantastic contemporary some of London’s most iconic buildings which offerings including the renowned Sushi are normally closed to the public. In the City, Samba at Salesforce Tower, as well as the this includes Bloomberg’s headquarters at Sky Garden at 20 Fenchurch Street, offering Bloomberg Place, The Leadenhall Building, a selection of quality bars, restaurants and Mansion House, the Guildhall and Tower 42. stunning views across London. LOCAL AREA PLANTATION PLACE SOUTH 15 LONDON Luton Airport Plantation Place South benefits from excellent connectivity via 10 transport nodes, all within Hampstead a 15 minute walk of the property.