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The Weekly Wrap

NP ‘TEA’ UP LETTING AT PLANTATION PLACE SOUTH!

We are delighted to announce that we have successfully let 11,101 sq ft over the part 4th floor at Plantation Place South, 60 Great Tower Street, EC3, one of the city of London’s prime office buildings.

The acquiring party is CDP Worldwide, an organisation which supports companies and cities to disclose the environmental impact of major corporations.

This means c. 26,000 sq ft of newly refurbished accommodation remains over the part 4th and 6th floors.

Please contact Jonathan Beilin or Chris Sutcliffe for any further assistance.

VERY VERY WELLS

We are delighted to announce two new starters at Newton Perkins. Surveyor Jack Wells and IT specialist Lukas Stanulevicius have joined our team.

Jack is a Chartered Surveyor who gained a wealth of experience over 4 years with another niche City of London surveying practice. He will advise a range of Tenants and Landlords on their real estate strategies and property needs as well as focus on marketing campaigns.

Lukas is a recent IT graduate with technical knowledge who will be working in IT administration providing IT support and administrative services to our team. He will be the first point of contact for any IT issues and will also keep our database records up to date and monitor our social media sites.

Korea complete £1.16bn deal to buy Goldman Sachs HQ

The big story in the City of London investment market this week was that US Investment bank Goldman Sachs headquarters in City of London has been sold to the National Pension Service of South Korea in a £1.16bn deal.

Costar reveals, NPS has teamed up with LaSalle Investment Management to purchase the 840,000 sq ft building at 40 Shoe Lane, EC4 from US Investment Bank ‘Gold Sachs’.

The sale is expected to be complete in January 2019.

The building will be leased for 25 years, although it has an option to leave or stay after 20 years at a rent of around £63 per sq ft.

This has been the most recent sign of strong demand for property assets that are located in the City.

Scott Kim, the Head of Global Real Estate at National Pension Service said: “This is the one of the finest office buildings in London which will be let to an exceptional tenant for 25 years. We are excited to re-enter into London market with this high quality asset which is well-aligned with our defensive strategy and will be an excellent addition to our already strong core portfolio.”

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