U X B R I D G E Ub8

UXBRIDGE UB8 1QQ UXBRIDGE IS ONE OF THE PREMIER WEST LONDON/THAMES VALLEY OFFICE MARKETS, STRENGTHENED BY ITS LOCATION CLOSE TO HEATHROW AIRPORT, CENTRAL LONDON AND THE NATIONAL MOTORWAY NETWORK

2 3 4 REVERSIONARY MULTI-LET OFFICE INVESTMENT OPPORTUNITY IN A PREMIER WEST LONDON/THAMES VALLEY TOWN

EXECUTIVE SUMMARY THE OPPORTUNITY

• The property is prominently located in Uxbridge Harman House appeals to a diverse range of town centre, adjacent to the INTU Shopping occupiers from start-up companies to international Centre and Uxbridge London Underground Station. corporates.

• Harman House is a landmark, Grade A, nine-storey This is demonstrated through the number of tenants multi-let office building totalling 129,060 sq ft NIA. who have grown significantly within the building over the years and those that have re-geared and • Stunning double height reception complementing extended their occupational commitment. flexible, air-conditioned floor plates.

• Exceptional car parking provision of 345 spaces, a ratio of 1:370 sq ft. • Opportunity to increase the rental income at the upcoming rent reviews in June 2018 and June 2020. • The total site area is 0.68 ha (1.68 acres). • Over 80% of the current income is reversionary, • Freehold. providing a favourable opportunity to increase the passing rent. • Let to 10 tenants, providing an average weighted unexpired lease term of 7.93 years to expiry and • Engage with existing tenants to extend existing 5.38 years to breaks. leases.

• An extensive refurbishment programme has been • Lease the remaining, fully refurbished 3,249 sq ft. undertaken on the majority of floors and common parts within the past 3 years. • Refurbish the ground floor south to capture reversionary income. • The total current income is £3,435,505 per annum, equating to a low overall passing rent of • Limited ongoing capital expenditure requirement £26.70 per sq ft. following 2014 refurbishment.

• Recent lettings in the building have established a • Long term potential residential redevelopment new rental level at £30.00 per sq ft – giving good with new builds achieving c. £600-700 per sq ft. reversionary evidence.

• Tenants include, General Mills UK Limited, Sapiens (UK) Limited, Mitsubishi Electric Europe BV, Almirall Limited, Gallo Vineyards Group and Pepper (UK) Limited.

• A lack of speculative development in the town has led to rising office rents with the top rent in town now at headline levels of £35.00 per sq ft.

Offers are sought in excess of £51,500,000 (Fifty One Million, Five Hundred Thousand Pounds).

A purchase at this price would reflect an attractive net initial yield of 6.25%, allowing for purchaser’s costs of 6.78%, and a capital value of £399 per sq ft overall.

Reversion to over 7.00% based on recent lettings in the building.

5 Hertz Manpower Pavilions Shopping Centre

Vivreau Tracelink & Jazz Networks

6 INTU Shopping Centre PWC Herbalife Coca Cola Enterprises Ltd Nexen Petroleum

Uxbridge

B483 TM Lewin & London Square Ltd

7 LOCATION

UXBRIDGE Uxbridge is one of the premier West London/Thames Communication links and the strong professional Valley office markets, strengthened by its location close employment base in the town have made it an attractive to Heathrow Airport, Central London and the national and well established location for major national and motorway network. The key office stock in Uxbridge is international corporate occupiers including Coca Cola located either in the town centre or on the edge of town Enterprises, Cadburys, Compass Group, Hertz, Xerox, office parks such as Uxbridge Business Park and Cowley Manpower, Herbalife, Nexen and Bristol Meyers Squibb. Business Park. This results from its established connectivity to Central London and Heathrow Airport as well as its thriving business community, affluent population and skilled labour force.

B467 LANCASTER ROAD M40 (J1) M1 6 (J6A) Watford A 4 0

Oxford A4020 Harrow HIGH ST M25 A1 M40 M1

A 1 413

HIGH ST 1A/16 M40 1

A A B483 40 4 A4020 1 6 0 4 A A437 A BELMONT ROAD 4 0 UXBRIDGE YORK ROAD

M25 A4020 HIGH ST A437 THE PAVILIONS A4020 Coming Ealing SHOPPING CENTRE CHIPPENDALE W AGUE ROAD Slough 2018 A 4 0 CENTRAL 2 MONT 1 UXBRIDGE

Hayes 3

6 LONDON STATION

A408 0

4 A A YE 6 Chiswick HIGH ST GEORGE ST

4 M4 Hammersmith A4 Reading 4B/15 M4 3 2 1 A4 OXFORD ROAD L M4 ONDO N RD A 4 BATH RD A4 INTU Windsor London Richmond UXBRIDGE R i Heathrow ve r T hames CROSS ST Airport A 205 WINDSOR ST M25 A214

A30 3 Kingston upon A 13 Wimbledon HIGH ST A 30 6 Thames 8 31 A COWLEY ROAD

ROAD TRAIN & UNDERGROUND AIR

Uxbridge benefits Uxbridge is the western terminus Uxbridge is one of the from excellent road of the London Underground most strategically located communications being Metropolitan and Piccadilly office markets from an located approximately 1 mile lines, which is situated circa international perspective south of the M40 (Junction 100 metres to the west of the being situated 6.5 miles north 1) providing direct access to property. These provide direct of London Heathrow Airport Central London to the east services to Central London with (20-minute drive) and and Oxford and Birmingham journey times of approximately 47 miles north west to the north west. The M25 45 to 55 minutes (King’s Cross (45-minute drive) of London (Junction 16) is 3 miles west St Pancras, Liverpool Street, Gatwick Airport. of Uxbridge and Junctions Green Park and Covent Garden). 4 & 4b of the M4 are Connectivity to Central London approximately 5 miles will be further enhanced on and 4 miles south of completion of the Elizabeth Line Uxbridge respectively. (crossrail) in 2018, with services operating from nearby Hayes, approximately 5 miles away, with anticipated journey times of 20 minutes to Bond Street.

8 SITUATION Harman House is situated in the heart of the town centre at the junction of George Street and York Road. The property sits on a highly prominent site, adjacent to Uxbridge Underground Station and INTU Shopping Centre. The High Street, with extensive amenities, is a short walk away.

B467 LANCASTER ROAD M40 (J1)

A4020

HIGH ST

BELMONT ROAD

YORK ROAD

HIGH ST THE PAVILIONS A4020 SHOPPING CENTRE CHIPPENDALE W AGUE ROAD UXBRIDGE MONT STATION AYE HIGH ST GEORGE ST

OXFORD ROAD

INTU UXBRIDGE

CROSS ST WINDSOR ST

HIGH ST

COWLEY ROAD

9 HARMAN HOUSE IS A LANDMARK GRADE A NINE-STOREY MULTI-LET OFFICE BUILDING

10 DESCRIPTION

Harman House is a nine-storey landmark office building in the centre of Uxbridge providing tenants with a fully refurbished Grade A building, with excellent amenities and transport links, and a 1:370 car parking ratio.

Harman House was comprehensively refurbished in 2014/15 to include a newly reconfigured reception area, as well as improved common parts and external areas.

The refurbishment has provided:

• Glazed double height reception

• Overhaul and refurbishment of all common parts and WC facilities on all floors

• Refurbishment of office accommodation (except ground floor south)

• New raised access floors

• Suspended ceilings with LG7 compatible lighting

• Up to 2.7m clear floor-to-ceiling heights

• New VRF heating and air-conditioning systems

• Four overhauled 13-passenger lifts

• Shower rooms installed at basement level

• Full cladding refurbishment including replacement of external rubber gaskets.

11 ACCOMMODATION

OFFICE 9th Floor

Floor sq m sq ft

9th 724.1 7,794

8th 1,004.2 10,809

7th 1,299.1 13,984 8th Floor 6th 1,304.5 14,042

5th 1,301.9 14,014

4th 1,303.7 14,033

3rd 1,295.5 13,945

2nd 1,286.2 13,845 7th Floor 1st 1,232.8 13,270

Ground 1,195.7 11,765

Reception 107.2 1,154

Basement 37.6 405

TOTAL 11,989.7 129,060 6th Floor

Note: The floor areas in the tenancy schedule differ to the above due to the reconfiguration of the ground floor.

5th Floor

PARKING

Podium parking level 65 4th Floor Sub-podium parking level 124

Basement parking level 156

Total Car Spaces 345

3rd Floor

CYCLING

2nd Floor Additional bays allocated for bicycles 11 providing space for up to 55 bicycles.

1st Floor

Floor plans not to scale, indicative only Ground Floor

12 13 HARMAN HOUSE APPEALS TO A DIVERSE RANGE OF OCCUPIERS FROM START-UP COMPANIES TO INTERNATIONAL CORPORATES

TENANCY SCHEDULE

Area Area Rent Passing Rent Lease Start Lease Expiry Next Rent Unit Description Tenant Name Lease Term Comments (sq ft) (sq m) (per annum) (per sq ft) Date (Break Option) Review

Ground Floor South Sapiens (UK) Ltd 5,285 491 £104,140 £19.70 2 years 24-Jun-16 23-Jun-18 Unrefurbished space. Outside 1954 Act. Ground Floor North Suite 1 Vacant 1,954 182 £0.00 04-Dec-21 Outside 1954 Act. From 5-Dec-2019 rent rises to £28,480 Ground Floor North Suite 2 Graphisoft (UK) Limited 890 83 £26,700 £30.00 5 years 05-Dec-16 per annum. Tenant break on 6 months notice. If not (05-Dec-19) operated there is a 1 month rent free. Outside the 1954 Act. Contracted rent of £42,000 per Ground Floor North Suite 3 Xeretec Office Systems Limited 867 81 £27,060 £31.21 3 years 24-Jul-15 23-Jul-18 24-Jul-16 annum inclusive of service charge and business rates. Rent shown is net of current S/C and business rates. Ground Floor North Suite 4 Vacant 1,295 120 £0.00 Contracted rent of £73,700 per annum inclusive of service Cubico Sustainable Investments 24-Oct-21 charge and business rates. Rent shown is net of current Ground Floor North Suite 5 1,474 137 £47,168 £32.00 5 years 25-Oct-16 25-Oct-17 S/C and business rates. Annual rent reviews to increases Limited (24-Oct-19) in RPI. Tenant break on 6 months notice. If not exercised there is a 1 month rent free. 23-Jun-25 Rent deposit of £214,974. Inside 1954 Act. Tenant break on 1st Floor Pepper (UK) Limited 13,270 1,233 £358,290 £27.00 10 years 24-Jun-15 24-Jun-20 6 months notice. If not exercised there is a 6 month (23-Jun-20) rent free. Inside 1954 Act. S/C Cap of £88,090 increased inline with Armstrong World Industries 30-Mar-27 RPI. Initial 14 months rent free followed by an additional 2nd Floor North 8,809 818 £264,270 £30.00 10 years 31-Mar-17 31-Mar-22 Limited (30-Mar-22) 4 if the break is not operated. 3 month rent penalty if the break is operated. 23-Feb-27 Initial 14 months rent free followed by an additional 6 if 2nd Floor South Almirall Limited 5,036 468 £148,562 £29.50 10 years 24-Feb-17 24-Feb-22 the break is not operated. 3 month rent penalty if the (24-Feb-22) break is operated. Outside 1954 Act. 23-Jun-25 Rent deposit of £225,910. Inside 1954 Act. Tenant break on 3rd Floor Pepper (UK) Limited 13,945 1,295 £376,515 £27.00 10 years 24-Jun-15 24-Jun-20 6 months notice. If not exercised there is a 6 month (23-Jun-20) rent free. 22-Sep-23 Tenant break on 9 months notice. If not exercised there is 4th Floor Gallo Vineyards Inc 14,033 1,304 £357,842 £25.50 10 years 23-Sep-13 23-Sep-18 a 6 month rent free. S/C Cap of £203,478.50 increased in (23-Sep-18) line with RPI. Inside 1954 Act. S/C cap of £175,175 per annum and initial dilapidations liability cap at £175,175 increased in line with RPI. 5th Floor General Mills UK Limited 14,014 1,302 £387,487 £27.65 11 years 01-Jun-15 31-May-26 01-Jun-20 Inside 1954 Act. Rent free period from 01-Jun-20 to 30-Nov-20. S/C cap of £175,525 per annum and initial dilapidations liability cap at £175,525 increased in line with RPI. 6th Floor General Mills UK Limited 14,042 1,305 £388,261 £27.65 11 years 01-Jun-15 31-May-26 01-Jun-20 Inside 1954 Act. Rent free period from 01-Jun-20 to 30-Nov-20. S/C cap of £174,000 per annum and initial dilapidations liability cap at £174,800 increased in line with RPI. 7th Floor General Mills UK Limited 13,984 1,299 £386,657 £27.65 11 years 01-Jun-15 31-May-26 01-Jun-20 Inside 1954 Act. Rent free period from 01-Jun-20 to 30-Nov-20. S/C cap £113,112.50 per annum and initial dilapidations liability cap at £135,112.50 increased in line with RPI. 8th Floor General Mills UK Limited 10,809 1,004 £298,869 £27.65 11 years 01-Jun-15 31-May-26 01-Jun-20 Inside 1954 Act. Rent free period from 01-Jun-20 to 30-Nov-20. 15-Feb-28 9th Floor Mitsubishi Electric Europe BV 7,794 724 £233,520 £29.96 12 years 16-Feb-16 16-Feb-21 Inside 1954 Act. (15-Feb-23) Car Parking 44-46 Mitsubishi Electric Europe BV £3,750 11 years 9 months 16-Feb-16 09-Dec-27 Car parking licence.

Roof & Basement Cornerstone Telecommunications 11-Nov-27 Outside 1954 Act. Mutual break on 6 months notice not £26,414 10 years 12-Nov-12 12-Nov-18 Communications Infrastructure Limited (12-Nov-19) earlier than 12-Nov-19. TOTAL 127,501 £3,435,505

Vendor is proposing to top up the current letting incentives granted (up to break options) to Almirall and Armstrong.

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The property has a total site area of Offices approximately 0.68 ha (1.68 acres).

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TENANCY SCHEDULE Not to scale, indicative only

Area Area Rent Passing Rent Lease Start Lease Expiry Next Rent Unit Description Tenant Name Lease Term Comments (sq ft) (sq m) (per annum) (per sq ft) Date (Break Option) Review

Vendor is proposing to top up the current letting incentives granted (up to break options) to Almirall and Armstrong.

15 COVENANTS

GENERAL MILLS UK LIMITED PEPPER (UK) LIMITED

42.07% of income D&B Rating: 3A1 10.31% of income D&B Rating: 4A1 Pepper UK is one of the leading specialist loan servicing GENERAL MILLS INC (GUARANTOR) companies in the UK, providing tailored services to investor and General Mills is a manufacturer and marketer of branded banking clients. They are also a provider of residential and buy to consumer foods with well-known brands such as; Cheerios, Betty let mortgages through Pepper Homeloans. Crocker, Green Giant, Old El Paso and Haagen-Dazs within their portfolio. They have products in more than 100 global markets Pepper UK is part of the The Pepper Group which is listed on with global net sales in 2016 being $17.6bn making them one of the Australian stock exchange and has over 600,000 customers the world’s largest food companies. around the world.

GENERAL MILLS UK LIMITED 31 Dec 2015 31 Dec 2014 31 Dec 2013 General Mills UK Ltd is a UK subsidiary of General Mills Inc. with Sales Turnover (£) £80,230,000 £88,466,000 £91,863,000 their concentration being on the UK and European markets. Profit/(loss) before tax (£) £7,295,000 £7,387,000 £14,737,000

The company has reported the following last three years results: Shareholders Funds (£) £42,123,000 £53,952,000 £45,393,000

29 May 2016 31 May 2015 25 May 2015

Sales Turnover (£) £249,517,000 £249,707,000 £234,594,000

Profit/(loss) before tax (£) £4,180,000 £4,759,000 £3,528,000

Shareholders Funds (£) £7,056,000 £2,173,000 £4,977,000

Net current assets £3,109,000 N/A N/A (liabilities) (£)

GALLO VINEYARDS INC ARMSTRONG WORLD INDUSTRIES LIMITED

10.30% of income 7.61% of income D&B Rating: 5A1 Gallo Vineyards Inc is a subsidiary of the privately owned E. & J. Armstrong World Industries, Inc. is a Pennsylvania corporation Gallo Winery, Inc, the worlds largest family owned winemaker. incorporated in 1891. It is an international designer and The company was founded in 1933 and is based in California. manufacturer of walls and ceilings. AWI has a global They own nine wineries and 16,000 acres of Californian manufacturing network of 26 facilities, including nine plants vineyards. They are the largest exporter of Californian wine with dedicated to its WAVE joint venture. In 2011, Armstrong’s 60 brands and 90 export markets. net sales were $2.86 billion, with operating income of $239.2 million. E. & J. Gallo Winery cover a large section of the value wine range with their brands such as Carlo Rossi and Peter Vella. 31 Dec 2015 31 Dec 2014 31 Dec 2013 They produce their wine from their own grapes as well as contracting with other growers within California to subsidise Sales Turnover (£) £80,230,000 £88,466,000 £91,863,000 their requirements. They also import 14 of its named brands from countries around the globe. Profit/(loss) before tax (£) £7,295,000 £7,387,000 £14,737,000 Shareholders Funds (£) £42,123,000 £53,952,000 £45,393,000

16 MITSUBISHI ELECTRIC EUROPE BV ALMIRALL LIMITED

6.83% of income 4.28% of income D&B Rating: 3A1 Mitsubishi Electric are one of the leading global companies Almirall Limited research, develop, manufacture and market within the research, manufacturing and marketing of electrical their own medicines as well as a portfolio of licensed products and electronic equipment used in the communications, designed to respond to the needs of different therapeutic areas. consumer electronics, industrial technology, and energy and transportation. Their products range from air-conditioning Their products are available in over 70 countries on 5 continents, systems to automotive equipment and lifts and escalators. through our 13 affiliates and via a strategic partnership network.

Mitsubishi Electric Europe BV is a subsidiary of Mitsubishi 31 Dec 2015 31 Dec 2014 31 Dec 2013 Electric Corporation, with its main business operations being within sales. The company is registered in the Netherlands. Sales Turnover (£) £80,230,000 £88,466,000 £91,863,000

Profit/(loss) before tax (£) £7,295,000 £7,387,000 £14,737,000 31 Mar 2016 31 Mar 2015 31 Mar 2014 Shareholders Funds (£) £42,123,000 £53,952,000 £45,393,000 Sales Turnover (£) £2,259,996,604 £2,094,373,886 £1,643,002,073

Profit/(loss) before tax (£) £45,921,555 £27,311,317 £15,368,557

Shareholders Funds (£) £222,980,728 £199,968,588 £169,403,017

SAPIENS (UK) LIMITED CUBICO SUSTAINABLE INVESTMENTS LIMITED

3.00% of income D&B Rating: 5A1 2.12% of income D&B Rating: 5A1

XERETEC OFFICE SYSTEMS LIMITED GRAPHISOFT UK LIMITED

1.21% of income D&B Rating: 2A2 0.77% of income D&B Rating: N2

17 OCCUPATIONAL MARKET

UXBRIDGE Uxbridge is an established West London/Thames Valley The injection of new Grade A stock has resulted in recent office market benefitting from exceptional connectivity to growth with a new prime headline of £35.00 per sq ft Central London and Heathrow Airport. It has consistently recently being achieved at The Charter Building. attracted global corporate occupiers including Coca Cola, Hertz, Amgen Pharmaceuticals, Nexen Petroleum, Beyond these schemes, there are no new planned office Mondelez and Manpower. developments in Uxbridge and we anticipate there will be a further upward movement in Uxbridge’s prime rents as Due to a relative lack of Grade A supply, prime rents in a result. Uxbridge have remained stable over the last few years. However, increasing investor confidence and occupier A schedule of the most relevant recent lettings in demand has led to the return of speculative development Uxbridge is provided below, five lettings to major and extensive refurbishment of existing stock. New occupiers have already been agreed since the start of developments include The Charter Building (230,000 sq the year indicating positive market movement and rental ft), Belmont (125,000 sq ft) and two buildings at Uxbridge growth for 2017. Business Park (106,000 sq ft). These schemes are quoting rents of up to £37.50 per sq ft.

RECENT DEALS

Area Rent Date Address Tenant Lease Term Certain (sq ft) (per sq ft)

The Charter Building, Apr 17 5,000 Jazz Networks £35.00 5 years Uxbridge

The Charter Building, Apr 17 9,000 Tracelink £35.00 5 years Uxbridge

Harmon House, Apr 17 8,500 Armstrong £30.00 5 years Uxbridge

One York Road, Mar 17 3,477 TM Lewin £30.00 5 years Uxbridge

Harmon House, Feb 17 5,100 Almirall £29.50 5 years Uxbridge

Beaumont House, Jul 16 8,800 Vivreau £27.50 5 years Uxbridge

Harmon House, Mar 16 7,800 Mitsubishi £30.00 3 years Uxbridge

Further lettings totalling approximately 41,500 sq ft at The Charter Building are currently in solicitor’s hands to occupiers including IWG, Regeneron and Lavazza.

18 Ealing Maidenhead Uxbridge £40.00 £38.00 £35.00 M40 M25 Slough £34.00 Heathrow Hammersmith Reading £33.00 £59.00 £36.50

Windsor CENTRAL £37.00 LONDON M4 Staines Chiswick Wimbledon £34.50 £55.00 £49.00 Richmond Bracknell £49.00 £24.00 Weybridge £35.00 Redhill M3 £31.00 RECENT DEALS Basingstoke Guildford £25.00 £33.50 M25

Area Rent Date Address Tenant Lease Term Certain (sq ft) (per sq ft)

The Charter Building, Apr 17 5,000 Jazz Networks £35.00 5 years Uxbridge M23

The Charter Building, Apr 17 9,000 Tracelink £35.00 5 years Uxbridge

Harmon House, Apr 17 8,500 Armstrong £30.00 5 years Uxbridge INVESTMENT MARKET One York Road, Mar 17 3,477 TM Lewin £30.00 5 years South East office transaction volumes have seen an encouraging Uxbridge start to 2017, with £423m of transactions across the first quarter Harmon House, – 32% ahead of the £321m transaction volumes seen during Feb 17 5,100 Almirall £29.50 5 years Uxbridge the same period last year. Over 2016 South East office market transactions totalled £2.89 billion, 9% higher than the 5-year Beaumont House, Jul 16 8,800 Vivreau £27.50 5 years average of £2.65 billion. Uxbridge

Harmon House, Despite the outcome of the EU referendum, investors remain Mar 16 7,800 Mitsubishi £30.00 3 years Uxbridge attracted to the underlying fundamentals of the South East office market, namely excellent rental growth prospects and a location that remains attractive for many international businesses. This demand combined with a shortage of good quality investment stock has maintained prime yields, aided by international investors pursuing opportunities further outside Central London in search of the returns they require.

RECENT INVESTMENT TRANSACTIONS

WAULT Cap Value Date Address Purchaser Tenant Price NIY (years) (per sq ft)

Aug-17 Ealing Gateway Aviva Multi-let 5.0 £50,025,000 3.93% £580

Aug-17 Pinnacle Reading Standard Life Multi-let 1.9 £14,100,000 6.50% £338

Aug-17 61-63 London Road, Redhill Newham BC Multi-let 9.8 £25,000,000 5.50% £482

British Alcan Jul-17 Hunton House, Uxbridge Private 6.45 £10,200,000 5.93% £385 Aluminium

Jun-17 Hays House, Guildford Columbia Threadneedle Multi -let 4.1 £9,848,000 4.95% £349

May-17 Royal Mead, Bath CBRE GI Multi-let 4.9 £8,950,000 5.25% £349

Apr-17 Lucidus, Watford M&G Real Estate Multi-let 1.1 £16,500,000 6.20% £322

Feb-17 International House, Brighton Savills IM Multi-let 4.2 £11,200,000 5.00% £269

Feb-17 Orion Gate, Woking Woking Borough Council Multi-let 8.7 £21,720,000 5.90% £424

19 FURTHER INFORMATION

SERVICE CHARGE CAPITAL ALLOWANCES

The current service charge equates to £8.41 per sq ft. Unclaimed Capital Allowances are available to a Further information is available in the data room. qualifying purchaser subject to separate negotiation. Further detail is available in the data room.

VAT The property is elected for VAT. We anticipate that the PROPOSAL transaction will be treated as a going concern for VAT purposes. Offers are sought in excess of £51,500,000 (Fifty One Million, Five Hundred Thousand Pounds).

EPC A purchase at this price would reflect an attractive net initial yield of 6.25%, allowing for purchaser’s costs of Demise Wing EPC Rating Date 6.78%, and a capital value of £399 per sq ft overall. Reception D-99 Jan-14 Reversion to over 7.00% based on recent lettings in Ground Floor North C-60 Jan-14 the building. Ground Floor South N/A N/A 1st Floor North C-60 Jan-14 1st Floor South B-36 Jan-14 2nd Floor North C-61 Jan-17 2nd Floor South C-62 Jan-14 3rd Floor North C-62 Jan-14 3rd Floor South C-60 Jan-14 4th Floor C-61 Jan-14 5th Floor North C-62 Jan-14 5th Floor South C-60 Jan-14 6th Floor C-61 Oct-14 7th Floor C-61 Jan-15 8th Floor C-67 Mar-15 9th Floor C-64 Nov-15

SPV There is an opportunity acquire the SPV subject to separate negotiation.

INSPECTIONS Strictly by appointment with the sole agents: Andrew Mitchell Nick Masters E [email protected] E [email protected] T 020 3146 5952 T 020 3146 5955 WEBSITE M 07901 518 749 M 07718 270 755 www.capitaproperty.co.uk/harmanhouse

Harry Rands E [email protected] T 0203 146 5968 M 07927 563 212

Capita Property & infrastructure Ltd (“CPI”), trading as Capita, for itself and as agent for the vendors or lessors (the “Seller”) of this property, gives notice that (1) These particulars do not constitute any part of an offer or a contract (2) Whilst every attempt has been made to ensure accuracy, this cannot be guaranteed and, therefore (save as set out at (6) below), (a) all statements and descriptions in these particulars as to this property are made without responsibility or liability on the part of CPI or the Seller, (b) no such statements or descriptions are to be relied on as statements or representations of fact (c) all measurements are approximate and no responsibility is taken for any error, omission or misstatement and (d) any intending purchasers or lessees must satisfy themselves by inspection or otherwise as to the correctness of each of the statements, particulars (3) The Seller does not make or give, and neither CPI nor any of its employees or agents makes or gives nor has any authority to make or give, any representation or warranty whatsoever in relation to this property. (4) Unless otherwise stated, all prices and rents are quoted exclusive of VAT and no statement is made as to the incidence of VAT. (5) No liability is accepted and no representation is made by either CPI or the Seller in respect of the presence, condition, adequacy or usability of any telecommunications or computer systems or equipment at the property, any software loaded thereon, or any related cabling or infrastructure. (6) Nothing herein shall exclude any liability which either the Seller or CPI would otherwise have for any fraudulent concealment or for any statements made fraudulently by it, its employees or agents. October 2017.

04843 20