Savills Central London Investment Savills transactional activity in Q1 2015
savills.co.uk/centrallondon Savills has started 2015 with close to £1 billion of sales instructions in central London, which reflects our capability in handling sales of some of the capital’s most prominent buildings. We have more large sales than any other agent in London at the moment and are already close to putting several of these buildings under offer. International appetite remains very strong and we don’t expect any weakening in buyer activity over the course of this year.
Stephen Down Head of Central London and International Investment +44 (0) 20 7409 8001 +44 (0) 7802 604 624 [email protected]
West End Investment
Paul Cockburn Simon Ewart Perks Chris Gillum Barry Mangan Jonathan O’Regan Director Director Director Director Director +44 (0) 20 7409 8788 +44 (0) 20 7409 8003 +44 (0) 20 7409 5918 +44 (0) 20 7409 5915 +44 (0) 20 7409 8179 +44 (0) 7870 555 706 +44 (0) 7921 750 073 +44 (0) 7870 555 879 +44 (0) 7985 416 325 +44 (0) 7840 284 629 [email protected] [email protected] [email protected] [email protected] [email protected]
City Investment
Robert Buchele Richard Bullock Daniel Hesketh Felix Rabeneck Director Director Director Director +44 (0) 20 7409 8007 +44 (0) 20 7409 8006 +44 (0) 20 7409 8008 +44 (0) 20 7409 8918 +44 (0) 7834 631 292 +44 (0) 7921 099 930 +44 (0) 7787 562 061 +44 (0) 7788 871 616 [email protected] [email protected] [email protected] [email protected]
Savills - West End Savills - City 33 Margaret Street 25 Finsbury Circus London W1G 0JD London EC2M 7EE +44 (0) 20 7499 8644 savills.co.uk/centrallondon Transactions Q1 2015 West End
Notting Hill Gate Estate, London W11 3.11 acre freehold of circa 165,000 sq ft in one of Disposal prime central London’s wealthiest areas. The Estate comprises highly reversionary retail and offices spread over four holdings, and is available either as a whole or on an individual basis.
Vendor Notting Hill Estate LLP Purchaser N/A Date Ongoing Status Marketing Price Guide Price: In excess of £210.0m Size 165,000 sq ft
120 New Cavendish Street, London W1 Virtual freehold office building of circa 32,500 sq ft, multi let Disposal with 81% of the income determinable on 6 months notice. The asset presents an extension or residential conversion opportunity.
Vendor Private UK Investor Purchaser N/A Date Ongoing Status Marketing Price Guide Price: In excess of £38.0m Size 32,500 sq ft
Mutual House, 193-201 Regent Street, London W1 Disposal Flagship luxury retail let to Hackett, Church’s & The Pen Shop and self-contained offices to the upper floors accessed off Conduit Street.
Vendor Private Asian Investor Purchaser Institutional Investor Date Mar-15 Status Exchanged Price Guide Price: In excess of £85.0m Size 27,000 sq ft
savills.co.uk/centrallondon Transactions Q1 2015 West End
One Sheldon Square, London W2 Prime freehold office investment offering 195,000 sq ft of Disposal Grade A office space single-let to Visa Europe Services. Prominantly located at the gateway to Paddington Central.
Vendor Deutsche Bank on behalf of EPF Purchaser N/A Date Ongoing Status Marketing Price Guide Price: In excess of £187.25m Size 195,000 sq ft
95-99 Charing Cross Road, London WC2 Two freehold retail units totalling 1,900 sq ft and occupying a Disposal busy retail pitch directly between Tottenham Court Road and Leicester Square stations.
Vendor Family Leisure Purchaser Private Asian Investor Date Mar-15 Status Exchanged Price Sale Price: £4.35m Size 1,900 sq ft
The Translation Building, Imperial West, White City, London W12 Disposal Forward funding opportunity for the long leasehold interest in a 187,000 sq ft pre-let Grade A office development within a new 7.5 acre Innovation campus.
Vendor Imperial College of Science, Technology and Medicine Purchaser N/A Date Ongoing Status Marketing Price Guide Price: In excess of £116.0m
Computer Generated Image Size 187,000 sq ft
savills.co.uk/centrallondon Transactions Q1 2015 West End
246 Fulham Road, London SW10 Grade II listed and fully-let retail and residential investment Disposal in Fulham totalling 2,800 sq ft. Situated in a prime retail pitch directly opposite Chelsea & Westminster Hospital.
Vendor Private UK Investor Purchaser Private UK Investor Date Feb-15 Status Exchanged Price Sale Price: £2.6m Size 2,800 sq ft
New Oxford Street Estate, London WC1 A 0.21 acre / 23,000 sq ft mixed-use development site Acquisition on New Oxford Street. The seven adjoining buildings offer an exciting redevelopment opportunity.
Vendor Marcol Group Purchaser Private Investor Date Jan-15 Status Exchanged Price Confidential Size 23,000 sq ft
One Mabledon Place, London WC1 Landmark tower totalling 90,500 sq ft of single-let Grade A Acquisition office space comprehensively refurbished in 2014.
Vendor Stanhope Purchaser Middle Eastern Investor Date Feb-15 Status Completed Price £72.55m Size 90,500 sq ft
savills.co.uk/centrallondon Transactions Q1 2015 City
80 Fenchurch Street, London EC3 A substantial 0.6 acre site sold with planning for a Disposal Foster + Partners designed scheme.
Vendor Allsop Receivers Purchaser Partners Group Date Jan-15 Status Exchanged Price £54.75m
Computer Generated Image Size 245,000 sq ft
East India Dock, London E14 A high quality office campus estate consisting of Disposal 4 buildings on a 6.40 acre site.
Vendor Criterion Purchaser N/A Date Ongoing Status Marketing Price Guide Price: In excess of £170.0m Size 590,000 sq ft
3 Minster Court, London EC3 Virtual freehold building (50% interest) fully let to the London Disposal Underwriting Centre until March 2016.
Vendor Santander Purchaser Ivanhoe Cambridge/Greycoat/Freo Date Mar-2015 Status Completed Price In excess of guide price of £75.0m Size 275,000 sq ft
savills.co.uk/centrallondon Transactions Q1 2015 City
Thames Court, 1 Queenithe, London EC4 Freehold investment opportunity fronting the river. Disposal
Vendor CBRE Gi Purchaser N/A Date Ongoing Status Marketing Price Guide Price: In excess of £190.0m Size 228,000 sq ft
24-30 West Smithfield, London EC1 Freehold property offering immediate vacant possession Disposal with a resolution to grant planning consent for 61 private residential apartments and 13 affordable housing units.
Vendor City & Guild Purchaser N/A Date Ongoing Status Marketing Price Guide Price: In excess of £35.0m Size 73,000 sq ft
21 Moorfields, London EC2 A 1.9 acre site which is excellently located at the Acquisition western entrance to Liverpool Street’s Crossrail station.
Vendor TfL Purchaser Land Securities Date Feb-15 Status Completed Price £16.6m Size 500,000 sq ft
savills.co.uk/centrallondon Transactions Q1 2015 City
75 King William Street, London EC4 Refurbished freehold building approximately 125 metres from Acquisition the Bank of England.
Vendor Aberdeen Asset Management Purchaser Alpha Asset Management Date Jan-15 Status Completed Price £96.0m Size 128,000 sq ft
Cannon Bridge House, 25 Dowgate Hill, London EC4 Acquisition Landmark City of London office building directly above Cannon Street station.
Vendor Westbrook Purchaser Blackstone Date Jan-15 Status Completed Price £166.0m Size 286,000 sq ft
Monument Place, 24 Monument Street, London EC3 Acquisition A new freehold development of 83,000 sq ft within the City core in a prime location facing Monument.
Vendor Rockspring Purchaser CERN Date Mar-15 Status Completed Price £93.0m Size 83,000 sq ft
savills.co.uk/centrallondon