17 St Helen's Place London

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17 St Helen's Place London 17 ST HELEN’S PLACE LONDON EC3 PRIME CITY OF LONDON INVESTMENT WITH DEVELOPMENT POTENTIAL NO.1 ROYAL EXCHANGE AVENUE 17 ST HELEN’S PLACE Investment Overview • A prime City of London investment with development potential. • Located 200 metres from Crossrail Liverpool Street (operational in 2018). • Strategically situated serving both the financial services and insurance markets, in close proximity to the creative district of Spitalfields and Shoreditch. • Attractive period building situated within an exclusive private courtyard. • Opportunity to create a Grade A building of circa 27,420 sq ft, subject to the necessary consents. The current floor area is 23,986 sq ft. • Multi-let by way of five occupational leases drawn on effective FRI terms. • Vacant possession can be achieved in September 2018, alternatively leases may be extended. • Held by way of a headlease with c. 133 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. • Approximately 60% of the building is let at just £24.41 per sq ft overall. • Following deduction of headrent the net rental income is £670,581 per annum exclusive. This is anticipated to rise to in excess of £1.50 million upon completion of the development initiatives. • Repositioning opportunities are well timed in the context of Crossrail. Proposal Offers in excess of £18.00 million are invited, subject to contract, for the long leasehold interest. This reflects an anticipated yield on cost of 5.75% (when stabilised) and a capital value of £656 per sq ft on the anticipated floor area. 2 NO.1 ROYAL EXCHANGE AVENUE 17 ST HELEN’S PLACE NO.1 ROYAL EXCHANGE AVENUE 17 ST HELEN’S PLACE BANK OF ENGLAND TOWER 42 22 BISHOPSGATE 100 BISHOPSGATE THE LEADENHALL BUILDING SALESFORCE 17 ST HELEN’S PLACE TOWER 30 ST MARY AXE N BARBICAN C O M M E R MOORGATE C IA BROADGATE L S T T STREET O R RUNE EE B Y FINSBURY CIRCUS N B T E B S E T L R NO.1 ROYAL EXCHANGE AVENUE L E L E B A R T IC NE K L AN 17 ST HELEN’S PLACE E LIVERPOOL STREET E ORTHSTR WENTW LONDON WALL REET RTHST DEVONSHIRE SQUARE TWO HERON WEN PLAZA SALESFORCE TOWER C O O LD M C A M ST LE WAY E S MELL R TR C E I ET A GUILDHALL L S T R E 100 E 70 T BISHOPSGATE ST MARY AXE ET TOWER 42 TRE HS L HIG MOORGATE 17 ST HELEN’S PLACE APE CH ITE GRESHAM STREET WH STOCK EXCHANGE HOUNDSDITCH WOOD STREET LOTHBURY L THROGMORTON STREET E MILK STREET M SWISS RE A ST PAUL’S BISHOPSGATE N S 22 ET T RE R ST E BISHOPSGATE AVIVA T E AM T TOWER ALDGATE AH PRINCE’S STREET BR BANK OF ENGLAND OLD BROAD STREET KING STREET ST MARY AXE 6-8 THE THREADNEEDLE STREET BISHOPSGATE LEADENHALL & BUILDING 150 LEADENHALL ET TRE ST PAUL’S ROYAL STREET IE S AL CATHEDRAL POULTRY EXCHANGE LEADENHALL STREET MANSION HOUSE STREET LEADENHALL STREET T CORNHILL TREE 1 M S TRE LLOYD’S A HTEN LEADENHALL N T KING WILLIAM STREET OR OF S N STREET E L BILLITER STREET BANK LONDON L S QUEEN STREET S .T M MANSION T R A R E K HOUSE E W S T T E R S E N T E T T LEADENHALL E LOMBARD STREET FENCHURCH STREET N T E MARKET R S QUEEN VICTORIA STREET T R E GRACECHURCH STREET E T T HSTREE LIME STREET ROUG SCARBO BLOOMBERG HQ NSTRET ET ERSTRE LLOYD’S AVENUE TENT MARK LANE SOUTH WALBROOK MANSION HOUSE FENCHURCH STREET STREET PORTSOKEN FENCHURCH TREET COTS CANNON STREET STREET PRES 20 FENCHURCH GOODMAN’S YARD STREET C O O P ‘THE E R CRUTCHED FRIARS S R WALKIE-TALKIE’ O W CANNON STREET DLR TOWER GATEWAY STREET MINT MONUMENT TOWER HILL ROYAL MINCING LANE SEETHING LANE SEETHING TRINTY SQUARE C A R GREAT TOWER STREET T W T E E R T M S I L N L O E RI S E N S A M R I V E R T H A M E S R I V E R T H A M E S TATE MODERN 17 St Helen’s Place is situated in the City of London’s ‘Tower Cluster’ area. 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. NO.1 ROYAL EXCHANGE AVENUE 17 ST HELEN’S PLACE Local 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, EC2 HERON PLAZA, EC2 Developer: Brookfield Developer: UOL Group Description: 950,000 sq ft of office and retail Description: 43 storey tower comprising a 5-star accommodation within a 37 hotel (approximately 340,000 sq ft), storey tower. 120 residential apartments and retail Status: Majority pre-let to Royal Bank space. A large public plaza will of Canada, Jefferies and incorporate shops and cafes Freshfields. PC anticipated 2019. behind retained period façades. Status: Anticipated completion 2019/2020. 22 BISHOPSGATE, EC2 70 ST MARY AXE, EC3 Developer: AXA Real Estate on behalf of a Developer: TH Real Estate consortium. Description: 21 storey building providing Description: 1.4m sq ft in a 62 storey tower c. 310,000 sq ft of office and retail set to be the tallest building in accommodation. the City. The top levels will Status: Circa 120,000 sq ft is reported to comprise a publicly accessible be under offer to Sidley Austin LLP. viewing gallery, restaurant and bar. Anticipated completion 2019. Status: PC anticipated 2019. 6-8 BISHOPSGATE, EC2 & 1 LEADENHALL STREET, EC3 150 LEADENHALL STREET, EC3 Developer: Brookfield Developer: Mitsubishi Estates & Stanhope Description: 36 storey building with 2 levels of Description: 50-storey tower development retail floorspace. providing 570,000 sq ft including Status: Planning consent granted. ground floor shops and restaurants. Status: Planning consent granted. 6 NO.1 ROYAL EXCHANGE AVENUE 53017 ST HELEN’S PLACE FOREIGN LONDON METAL EXCHANGE: COMPANIES LONDON STOCK EXCHANGE: 75% OF ALL NON- LISTED IN LONDON FERROUS METAL 300 YEARS OLD AND FUTURE BUSINESS. RANKED FIRST IN 2015 THIS EQUATED TO GLOBALLY IN TERMS OF INTERNATIONALITY $12 TRILLION NATIONAL • WITH 300 COMPANIES 4 BILLION TONNES FROM 70 NATIONS LISTED • 170 MILLION LOTS THE 454,000 CITY OF LONDON 251 FOREIGN PEOPLE ESTABLISHED AD50 BANKS ARE EMPLOYED IN LONDON IN THE CITY OF LONDON LLOYD’S OF LONDON: $2.7 TRILLION THE WORLDS OF FOREIGN EXCHANGE TURNED OVER EACH DAY - SPECIALIST INSURANCE AND GROSS WRITTEN RE-INSURANCE MARKET 41% INSURANCE PREMIUMS OF GLOBAL OPERATING ACROSS 200 TERRITORIES FOREIGN EXCHANGE INCREASED 6% IN 2015 TO £26.7 BILLION NO.1 ROYAL EXCHANGE AVENUE 17 ST HELEN’S PLACE Location 17 St Helen's Place is situated in the heart of the central core of the City of London within the 'tower cluster' area. This strategically important location serves both the financial and professional services occupiers of EC2 together with the insurance and shipping occupiers traditionally associated with EC3. The property is located in close proximity of the creative and TMT districts of Spitalfields and Shoreditch. St Helen's Place is an exclusive private courtyard situated approximately 200 metres south of Liverpool Street station. It lies equidistant from both the Bank of England and Lloyd’s of London. 30 St Mary Axe ‘The Gherkin’, The Leadenhall Building and Salesforce Tower are within a stone’s throw. These will shortly be joined by the new generation of tower buildings, noteably 100 Bishopsgate and 22 Bishopsgate, both of which are under construction. Leadenhall Market and Devonshire Square are nearby. These vibrant destinations are crammed with restaurants, bars and eateries. 8 166 - Houndsditch - local NO.1 ROYAL EXCHANGE AVENUE 17 ST HELEN’S PLACE 166 - Houndsditch - local NO.1 ROYAL EXCHANGE AVENUE 17 ST HELEN’S PLACE AON SWISS RE STANDARD LIFE ABERDEEN WILLIS AVIVA UPON COMPLETION:- ROYAL BANK OF CANADA JEFFERIES FRESHFIELDS SALESFORCE.COM LLOYD'S OF LONDON EMEA BASF METALS MCDERMOTT WILL & EMERY TRAVELERS MANAGEMENT DEVONSHIRE SQUARE ARGO UNDERWRITING AGENCY PINEBRIDGE INVESTMENTS LEADENHALL MARKET DEUTSCHE BANK LATHAM & WATKINS STATE BANK OF INDIA AMALGAMATED METALS CORPORATION TOWERGATE UNDERWRITING GROUP HAMPSHIRE TRUST BANK SERVCORP MITSUBISHI PHARMA EUROPE CADWALADER WICKERSHAM & TAFT HBOS NO.1 ROYAL EXCHANGE AVENUE 17 ST HELEN’S PLACE The Community...all within a 5 minute walk 17 ST HELEN’S PLACE 11 NO.1 ROYAL EXCHANGE AVENUE 17 ST HELEN’S PLACE Connectivity 3 MINUTES The property is located In the heart of the City of London and BANK OF ENGLAND 2 accordingly it enjoys superb communications. The whole of central MINUTES London can be accessed via the underground network and over-land BROADGATE rail services. All of London’s major airports are within an hour of the property. 2 Services to the continent operate via Eurostar at St Pancras station, MINUTES 20 minutes by taxi. LIVERPOOL STREET 3 STATION MINUTES LEADENHALL MARKET 5 MINUTES FENCHURCH STREET STATION 12 NO.1 ROYAL EXCHANGE AVENUE 17 ST HELEN’S PLACE The Elizabeth Line (Crossrail) 35 Communications will be further enhanced by the7 < arrival of The Elizabeth Line (Crossrail) at Liverpool10 17 ST HELEN’S PLACE STRATFORD Street station in 2018. 17 St Helen's Place is set to be better connected than at any time in its history. The new station lies within 200 metres to the north.
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