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17 St. Helen's Place 17 ST HELEN’S PLACE / LONDON EC3 PRIME CITY OF LONDON OFFICE BUILDING WITH REFURBISHMENT / DEVELOPMENT POTENTIAL OFFERED WITH VACANT POSSESSION BY WAY OF A NEWLY RE-GEARED HEADLEASE NO.1 ROYAL EXCHANGE AVENUE 17 ST HELEN’S PLACE Investment Rational • An exciting opportunity to create a stunning Grade A building within 120 seconds walk of Liverpool Street station (Elizabeth Line from Autumn 2019). • Significant upside exists given that rents for small floorplate buildings around Liverpool Street do not currently reflect the forthcoming infrastructure improvements. • High profile developments at 100 Bishopsgate and 22 Bishopsgate are about to unveil significant public realm and streetscape improvement following many years of disruption. 13 NO.1 ROYAL EXCHANGE AVENUE 17 ST HELEN’S PLACE 17 ST HELEN’S PLACE Investment Summary • Prime City of London office building with refurbishment / development potential. • Set within an exclusive private courtyard accessed from Bishopsgate, one of London’s premier business addresses. • Located within 120 seconds walk of Liverpool Street station, the City’s busiest transport hub. • Exceptional connectivity. Elizabeth Line services (Crossrail) scheduled from autumn 2019. • Newly re-geared headlease offered with full vacant possession. • Moreover the headlease does not restrict development. • Scope to conservatively deliver c. 27,500 sq ft of lettable accommodation by reconfiguring floor plates and developing an additional floor of offices, subject to the necessary consents. Alternatively the existing building of c. 24,000 sq ft could be immediately refurbished. • A more ambitious feasibility could also be considered. • Tower developments at 100 Bishopsgate and 22 Bishopsgate will deliver c. 2.3 million sq ft of floorspace together with a vastly improved public realm and streetscape. • Favourably situated serving both the City’s traditional financial service and insurance districts. The building also lies in close proximity to the creative areas of Spitalfields and Shoreditch to the north. • Held by way of a re-geared headlease with circa 131 years unexpired. The Freeholder is entitled to 10.00% of rents received from underletting(s), subject to a minimum rent of £75,000 per annum. Proposal Offers are invited, subject to contract, for the long leasehold interest. 13 3 NO.1 ROYAL EXCHANGE AVENUE 17 ST HELEN’S PLACE 17 ST HELEN’S PLACE N < NO.1 ROYAL EXCHANGE AVENUE 17 ST HELEN’S PLACE 17 ST HELEN’S PLACE 5 LLOYD’S OF LONDON BARBICAN MOORGATE BROADGATE FINSBURY CIRCUS NO.1 ROYAL EXCHANGE AVENUE 17 ST HELEN’S PLACE E LIVERPOOL STREET LONDON WALL ONE DEVONSHIRE SQUARE BISHOPSGATE PLAZA SALESFORCE TOWER PREMIER PLACE GUILDHALL 100 70 BISHOPSGATE ST MARY AXE TOWER 42 17 ST HELEN’S PLACE MOORGATE GRESHAM STREET STOCK EXCHANGE HOUNDSDITCH WOOD STREET LOTHBURY THROGMORTON STREET MILK STREET ST PAUL’S BISHOPSGATE SWISS RE 22 BISHOPSGATE AVIVA ALDGATE PRINCE’S STREET TOWER OLD BROAD STREET KING STREET ST MARY AXE BANK OF ENGLAND 6-8 THREADNEEDLE STREET BISHOPSGATE THE & LEADENHALL 150 BUILDING LEADENHALL ST PAUL’S ROYAL STREET EXCHANGE CATHEDRAL POULTRY LEADENHALL STREET MANSION HOUSE STREET LEADENHALL STREET CORNHILL 52 1 LIME STREET LEADENHALL LLOYD’S OF BANK STREET LONDON BILLITER STREET QUEEN STREET KING WILLIAM STREET MANSION HOUSE LEADENHALL FENCHURCH STREET LOMBARD STREET MARKET QUEEN VICTORIA STREET GRACECHURCH STREET < For indicative purposes only. Not to scale. N LIME STREET 6 BLOOMBERG HQ LLOYD’S AVENUE MARK LANE MANSION HOUSE FENCHURCH STREET WALBROOK FENCHURCH STREET CANNON STREET 20 FENCHURCH STREET ‘THE P E CRUTCHED FRIARS S R WALKIE-TALKIE’ O W CANNON STREET DLR TOWER GATEWAY MONUMENT TOWER HILL MINCING LANE SEETHING LANE SEETHING TRINTY SQUARE A R T GREAT TOWER STREET W R REVI AHTM SE TATE MODERN NO.1 ROYAL EXCHANGE AVENUE 17 ST HELEN’S PLACE 17 ST HELEN’S PLACE Nearby Developments A number of major developments are taking place within close proximity. These initiatives are creating substantial improvements to the public realm and are attracting world class occupiers at market leading rents. 100 BISHOPSGATE 70 ST MARY AXE Developer: Brookfield Properties Developer: TH Real Estate Description: 950,000 sq ft of office and retail Description: 310,000 sq ft of office and retail accommodation within a 37 storey tower accommodation Status: PC 2019. Virtually fully pre-let Status: PC spring 2019. Circa 55% pre-let 22 BISHOPSGATE PREMIER PLACE Developer: AXA Real Estate led consortium Developer: Greycoat Description: 1,350,000 sq ft of offices and retail Description: 240,000 sq ft office led scheme within a 62 storey tower Status: PC summer 2019. Circa 70% pre-let Status: PC 2020 52 LIME STREET 6-8 BISHOPSGATE & 150 LEADENHALL STREET Developer: WRBC Description: 385,000 sq ft office led scheme Developer: Mitsubishi Estate London arranged in a 37 storey tower Description: 50 storey office led tower comprising Status: Completed circa 570,000 sq ft Status: Construction underway . ONE BISHOPSGATE PLAZA 1 LEADENHALL STREET Developer: UOL (Pan Pacific) Developer: Brookfield Properties Description: 5-star hotel (approximately 340,000 Description: Planning approved. 36 storey tower sq ft), 120 residential apartments and with substantial office and retail provision retail space Status: Strip out of existing building underway Status: PC 2020 For indicative purposes only. Not to scale. 6 7 NO.1 ROYAL EXCHANGE AVENUE 17 ST HELEN’S PLACE London: A Global Powerhouse £ 12 $ € 9 3 LONDON: PREMIER GMT FOREIGN EXCHANGE TRADING VENUE 100 5 $2.7 6 454,000 OF EUROPE'S INTERNATIONAL AIRPORTS ADVANTAGEOUSLY 1,000 CONNECTING TO TRILLION OF FOREIGN EXCHANGE POSITIONED LARGEST PEOPLE TECH START-UPS TURNED OVER EACH DAY - ARE EMPLOYED IN CREATED IN LONDON COMPANIES C 400 STRADDLING GLOBAL THE CITY OF LONDON HAVE PREMISES IN LONDON A 23% INCREASE ON 2016 TIME ZONES PER MONTH DESTINATIONS 1 No1 GLOBAL LONDON METAL EXCHANGE: LLOYD’S OF FINANCIAL CENTER LONDON STOCK EXCHANGE: LONDON: 80% 251 OF ALL NON-FERROUS THE WORLDS 300 YEARS OLD AND FOREIGN METAL FUTURE BUSINESS 530 SPECIALIST RANKED FIRST IN 2017 THIS EQUATED TO INSURANCE AND GLOBALLY IN TERMS OF INTERNATIONALITY FOREIGN $12 TRILLION NOTIONAL BANKS • WITH 300 COMPANIES RESIDENT RE-INSURANCE MARKET 3.5 BILLION TONNES COMPANIES • IN LONDON OPERATING ACROSS 200 TERRITORIES FROM 70 NATIONS LISTED LISTED IN LONDON 157 MILLION LOTS 8 « NO.1 ROYAL EXCHANGE AVENUE 17 ST HELEN’S PLACE 17 ST HELEN’S PLACE London: A Global Powerhouse 22 BISHOPSGATE HISCOX 30 ST MARY AXE BEAZLEY GROUP SWISS RE ABERDEEN STANDARD INVESTMENTS ION GROUP SIDLEY AUSTIN CALS AVIATION GROUP AVIVA 100 BISHOPSGATE ROYAL BANK OF CANADA JEFFERIES GROUP FRESHFIELDS PAUL HASTINGS EUROPE PCCW GLOBAL AM TRUST FINANCIAL DEKO EQUINOX FITNESS SALESFORCE TOWER 17 ST HELEN’S PLACE TOWER 42 LATHAM & WATKINS GAZLEY MULTIPLEX HUAWEI TECHNOLOGIES CO AMALGAMATED METALS CORPORATION CHARLES STANLEY WEALTH MANAGERS HAMPSHIRE TRUST BANK <N HBOS 8 NO.1 ROYAL EXCHANGE AVENUE 1717 STST HELEN’S HELEN’S PLACE PLACE The Community...within a 5 minute walk 10 NO.1 ROYAL EXCHANGE AVENUE 1717 STST HELEN’S HELEN’S PLACE PLACE 17 ST HELEN’S PLACE Location 17 St Helen's Place is situated in the central core area of the City of London within the ‘Tower Cluster’. The location is one of the most transformative parts of London benefitting from both infrastructure improvements and high rise commercial developments. The building's favourable location enables it to serve the traditional financial services and insurance districts of EC2 & EC3 respectively. The ‘creative’ and TMT districts of Spitalfields and Shoreditch are within close proximity to the north. St Helen's Place is a secluded private gated courtyard, accessed directly from Bishopsgate, one of London’s most prestigious business addresses. Liverpool Street station, The Bank of England and Lloyd’s of London are all within c. 200 metres. London’s tallest new generation tower buildings will provide additional critical mass when completions take place later this year and early next. 100 Bishopsgate (c. 950,000 sq ft) is virtually fully pre-let and a sizeable percentage of 22 Bishopsgate (c. 1.4 million sq ft) has already been committed. New arrivals will include; Royal Bank of Canada, Freshfields Bruckhaus Deringer, Jefferies, Paul Hastings LLP, Equinox Health & Fitness, Hiscox and Beazley Group. Leadenhall Market, The Royal Exchange and Devonshire Square are nearby and crammed with restaurants, bars and world class retail. NO.1 ROYAL EXCHANGE AVENUE 17 ST HELEN’S PLACE 12 5 MINUTES FENCHURCH STREET STATION NO.1 ROYAL EXCHANGE AVENUE 17 ST HELEN’S PLACE 17 ST HELEN’S PLACE Connectivity 17 St Helen's Place enjoys exceptional connectivity. The whole of central London can be accessed via the underground network and over-land rail services. Liverpool Street station, the City’s busiest transport hub, is within a c. 2 minute walk. Bank and Cannon Street stations are within a 5 minute walk. All of London’s major airports are within an hour of the property. Rail services to the continent (via Eurostar at St Pancras station) can be obtained within 20 minutes by taxi. In excess of 100 buses per hour pass along Bishopsgate itself. BANK STATION & BANK OF ENGLAND TRAINS TO DOCKLANDS AND CITY AIRPORT 2 MINUTES 3 MINUTES LEADENHALL MARKET BROADGATE 2 MINUTES 3 MINUTES 2 MINUTES 1 MINUTE 17 ST HELEN’S PLACE FENCHURCH STREET STATION LIVERPOOL STREET STATION 3 MINUTES 5 MINUTES 2 MINUTES 1 MINUTE MAIN LINE TRAINS TO EAST LONDON, SOUTH ESSEX & KENT MAIN LINE TRAINS TO NORTH / EAST LONDON, NORTH ESSEX & ANGLIA Source: tfl 12 LEADENHALL MARKET 3 MINUTES NO.1 ROYAL EXCHANGE AVENUE 17 ST HELEN’S PLACE The Elizabeth Line Operational Autumn 2019 Communications will be further enhanced by the arrival of The Elizabeth Line (Crossrail) at Liverpool Street station in autumn 2019. 17 St Helen's Place will be better connected than at any time in its history.
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