1 KING’S ARMS YARD LONDON EC2 The Amundi Collection INVESTMENT SUMMARY 1 King’s Arms Yard is a core City of London office investment. Grade A office building situated within 50 metres of the Bank of England. 100% prime City of London location. 56,071 sq ft of high quality office and ancillary accommodation over basement, lower ground, ground and six upper floors. Rolfe Judd designed scheme, completed in 2009 with a BREEAM Very Good rating. Prominent corner site with excellent natural daylight from three elevations and stunning views over the Bank of England. Held long leasehold for a term expiring in 2141 with a current head rent payable of £5,000 per annum. The property is securely let to eight tenants at a current gross passing rent of £2,763,197 per annum reflecting a below market rent of only £49.28 per sq ft overall. The WAULT is approximately 3.1 years to expiries. Offers are invited in excess of £58,300,000, subject to contract and exclusive of VAT, for our client’s long leasehold interest in 1 King’s Arms Yard. This represents an attractive net initial yield of 4.65% and a capital value of £1,040 per sq ft, assuming acquisition costs of 1.80% through the purchase of the Luxembourg SARL. 1 King’s Arms Yard – London 100 BISHOPSGATE TOWER 42 22 BISHOPSGATE LEADENHALL BUILDING THE LLOYD’S BUILDING LOCATION BROADGATE LIVERPOOL STREET FINSBURY CIRCUS 1 KING’S ARMS YARD LONDON EC2 MOORGATE BANK BANK OF ENGLAND ROYAL EXCHANGE 1 King’s Arms Yard – London LOCATION 1 King’s Arms Yard occupies a prime corner site on King’s Arms Yard and Tokenhouse Yard of approximately 0.24 acres. This highly desirable location is at the very heart of the City of London, just off the junction of Gresham Street, Moorgate and Lothbury. The Bank of England, in full view of the property, is only 50m to the south and Guildhall is approximately 150m to the west. The immediate area is the favoured location for many of the City’s global occupiers including Commerzbank, Lloyds Bank, BNP Paribas, Legal & General, Standard Chartered Bank, Bank of China, Bloomberg and Investec. All of these major companies are headquartered within 500m of the property. The immediate surrounding area and wider City core have seen a significant increase in leisure and dining 50 metres from the Bank of England provision recently, particularly with the opening of The Ned in 2017. The Ned offers a 250 bed hotel plus ten restaurants and a members’ club all within the restored Grade I listed Midland Bank building on the Bank interchange, a short walk from 1 King’s Arms Yard. 1 King’s Arms Yard – London 6 | 7 CONNECTIVITY Due to the exceptional core City location of the property it STATION WALKING CONNECTIVITY DISTANCE benefits from being within a 10 minute walk of seven major BANK 3 mins Central Line stations, providing connectivity to the London Underground, Northern Line National Rail and Crossrail (Elizabeth Line) network Waterloo & City Line amongst others. DLR MOORGATE 6 mins Northern Line Hammersmith & City Line Bank station, one of the key transport hubs in the City of London, Circle Line provides access to three London underground lines and the DLR, with services to the north, south, east and west of the capital as well Metropolitan Line as direct to London Waterloo. Bank is currently undergoing major National Rail Services infrastructure improvements, due for completion in 2022, which will THE ELIZABETH LINE (CROSSRAIL) Elizabeth Line result in a 40% increase in passenger capacity. CANNON STREET 7 mins District Line Moorgate station, another key transport node provides London Circle Line Crossrail, the £14.8 billion project linking East and West London, is currently Underground access to four lines and National Rail services. It will National Rail Services Europe’s largest infrastructure project. When operational in late 2018, it will also allow access to the Elizabeth Line (Crossrail) later this year when be fully integrated with London’s existing transport infrastructure and will LIVERPOOL STREET 9 mins Central Line services become operational. Crossrail is set to revolutionise transport increase central London rail capacity by 10% - the largest single increase across Central London, and the proximity of this service to the Hammersmith & City Line since World War 2. property is a major asset. Circle Line Crossrail locations have seen unprecedented levels of demand from investors, Metropolitan Line developers and occupiers and have continued to outperform locations which National Rail Services will not benefit from access to the Crossrail network. Journey times from east Elizabeth Line to west will be dramatically reduced, linking the core employment markets of the West End, City and Canary Wharf and making them accessible to one London Overground / TfL Rail another in under 15 minutes. Furthermore, access to the UK’s dominant MONUMENT 9 mins District Line airport, Heathrow, will also be dramatically enhanced once services are up Circle Line and running. For example, the rail journey time from the City of London to Heathrow will fall from 55 to 34 minutes on Crossrail. MANSION HOUSE 9 mins District Line Circle Line Some of the impressive key statistics of Crossrail include: ST PAUL’S 10 mins Central Line • 60 miles of track with 41 accessible stations, 10 of which are brand new • Estimated 200 million passengers per annum • The network will bring an extra 1.5 million people to within a 45-minute journey time of Central London DESTINATION TOTAL JOURNEY TIME LIVERPOOL STREET STRATFORD SHENFIELD WATERLOO STATION 11 mins 7 MINS WEST ACTON BOND 2 MINS THE WEST END (BOND STREET) 13 mins (Crossrail) READING SOUTHALL EALING MAIN LINE STREET FARRINGDON WHITECHAPEL MIDTOWN (HOLBORN) 14 mins MAIDENHEAD HANWELL EALING PADDINGTON TOTTENHAM CUSTOM BROADWAY COURT ROAD HOUSE SOUTHBANK (LONDON BRIDGE) 15 mins 10 MINS ABBEY 4 MINS WOOD CANARY WHARF 15 mins (Crossrail) CANARY WOOLWICH HEATHROW WHARF KING’S CROSS ST PANCRAS 16 mins 34 MINS LONDON CITY AIRPORT PADDINGTON STATION 16 mins (Crossrail) 1 King’s Arms Yard – London 8 | 9 C i t y R o Worship Street a LOCAL OCCUPIERSd LOCAL DEVELOPMENT ACTIVITY G o s w 1 King’s Arms Yard is surrounded by prime financial, legal and corporate businesses within a few minutes’ walk; there are also e e l R numerous high quality restaurants, bars and leisureFinsbury facilities within the same area. o t a Square e e d tr S ld o Barbican S p 1 2 3 4 un p Str A eet A l d e r s g a t BARBICAN e S 9 t r 6 e e t 2 5 BROADGATE 7 e t 3 12 a g 8 r 4 100 LIVERPOOL 60 LONDON WALL 22 BISHOPSGATE MOORGATE & Moorgate o 13 7 14 o Liverpool M STREET LONDON WALL Finsbury 346,000 sq ft 1,275,000 sq ft 1 Street e 8 16 15 10 5 Circus t 523,000 sq ft (30% pre let) 36,000 sq ft 1 6 a Delivery 2019 Delivery 2019 g s ondon Wall p Delivery 2019 LaSalle IM AXA led consortium Delivery 2018 L o 11 h 20 17 is British Land/GIC Thor Limited B 4 12 11 Lon 5 6 7 8 18 2 don Wall d HERON n 23 a e r t TOWER t a e G g e 24 r 19 r e o t L 22 9 o S B GUILDHALL e s ’ v M 21 d is n a i o M rt r a te r a B k 10 a s ld g M s t O TOWER p S o 42 h Gresham is Street B 30 29 27 3 101 MOORGATE 1-14 LIVERPOOL ST 21 MOORFIELDS 1&2 LONDON WALL P ST MARY r 26 PLACE St. Paul’s in AXE 88,000 sq ft 256,000 sq ft 564,000 sq ft (100% pre let) c es BANK OF C 500,000 sq ft hea et Delivery 2020 Delivery 2021 Delivery 2021 psid S ENGLAND Stre e t le r d THE LEADENHALL ee ee 28 Completed 2018 adn Aviva/PSP Aviva Landsec t re BUILDING St Paul’s ONE NEW Bank Th ROYAL 25 Schroders & Cleary Gottlieb Cathedral CHANGE Po EXCHANGE Street ultry Leadenhall Brookfield Cornhill LLOYD’S BUILDING eet Str 9 10 11 12 ria cto Ca Vi nno een n St Qu reet 1 Devonshire Solicitors LLP 8 Alvarez & Marsal 16 Cleary Gottlieb 23 Deutsche Bank 2 First State Investments 9 ICAP 17 M&G 24 Latham & Watkins LLP 3 Rathbone Investment 10 Citadel Investment Group 18 Standard Chartered Bank 25 Aon Management 11 Legal & General 19 Prudential Regulation Authority 26 Axa 100 BISHOPSGATE ANGEL COURT 77 COLEMAN STREET 25 COPTHALL AVENUE 4 Cisco Systems 12 WeWork 20 BNP Paribas 27 King & Spalding LLP 879,000 sq ft 311,600 sq ft 67,371 sq ft 49,240 sq ft refurbished 5 CM CIC Systems 13 Tradeweb Europe Limited 21 ING 28 Nationwide (97,000 sq ft remaining) Completed 2017 Delivery 2019 Completed 2018 6 CRA Delivery 2019 Multi let Kajima Multi let 14 Alfa 22 BlackRock Investment 29 Commerzbank AG Brookfield Mitsui Fudosan/Stanhope Helix Property 7 Stephenson Harwood LLP Management 15 Schroders 1 King’s Arms Yard – London DESCRIPTION Newly developed in 2009 by Ardstone Capital and designed by renowned architect Rolfe Judd. PROPERTY 1 King’s Arms Yard provides approximately 56,000 sq ft of high quality Grade A office and ancillary accommodation arranged over basement, lower ground, ground and six upper floors. Floor plates are regular and range from approximately 3,500 sq ft – 7,500 sq ft with only a single line of columns making them suitable for both open plan and cellular use.