The Weekly Wrap
106 Leadenhall Street, EC3 & 5 Prescot Street, E1.
We are delighted to announce that we have two new instructions
The 3rd Floor (1,690 sq ft) at 106 Leadenhall
Street, EC3 provides good quality fitted out unit located virtually opposite
the Lloyds Building
The raised Ground Floor unit (5,289 sq ft) at 5 Prescot Street,
E1 offers occupiers a unique opportunity for their own self-contained premises
within the trendy eastern fringe.
For more information please on these properties please
contact Jamie Nurcombe or Ali Porter on 0207 456 0700
Newton Perkins again nominated in the
annual Costar Agency Awards!
We are delighted to maintain our proud tradition of CoStar award
With less than 2 weeks left until the awards evening, we are
pleased to say that Newton Perkins has made the shortlist for most active agent
by disposals in the City Core.
Leadenhall Street – 2nd floor LET!
We are pleased to announce that the 2nd Floor (3,351 sq ft)
has been let to SBFI.
This means that only the 1st floor remains
available comprising 3,150 sq ft. The property has been comprehensively
refurbished and offers CAT A finishes over the 1st floor.
For more information, please contact Jonathan Beilin or Jack
Wells on 0207 456 0700.
Square sold for £28m
Colombia Threadneedle have completed the sale of 2 America
Square, EC3 for a deal worth up to £28m to a US Investor.
The 49,355 sq ft building was bought back in December 2012 by
Columbia Threadneedle for £13.75m when the average passing rent was at £32.25
per sq ft.
After refurbishment, the rents have gone up to £50 per sq ft.
Columbia Threadneedle also made an agreement for a change of
use on the adjoining railway arch which was converted to A1 retail and let to
the Co-operative on a 15 year lease with a tenant break option on the 10th
year. It was then placed on the market in June 2018 with an asking price of
Dockless e-bikes to be introduced to the City of London
The City of London could soon have a new addition of dockless
e-bike to replace the well know Boris bikes.
E-bike operator ‘Freebike’ has been chosen for the trial,
which will take place in March and if it’s approved, then e-bikes could be
roaming around the Square Mile by the end of May.
On February 19th, Chris Hayward, the City of
London Corporation chief Councilman has told the committee that it is a
well-managed option for the City.
Operators will have to remove bikes that are blocking the
roads, paths or even present danger within 90mins as this stands under City’s
It was previously considered to put a ban after dumped bikes
from various bike-sharing operators had annoyed locals and businesses.
Subject to approval another committee on March 18th,
the City’s latest trial of the e-bikes could start by May.
City of London wholesale markets to be moved
According to City Corporation, Billingsgate, Smithfields and
New Spitalfields markets could be stopped from operating and moved to
The City of London Corporation will need a long term base for
all three markets as it is in the process of shortlisting potential new
locations ahead of a public consultation which will take place in the summer.
Other options include Barking & Dagenham, but Redbridge
is the only proposed scheme that would see enough space to house all three
markets on one level.
The relocation could create around 3,500 jobs and 200 new
The predicted turnover is set to be around £800m and the
markets would bring wider economic benefits to the borough which would include
financial contributions in the form of business rates that would see £500,000
retained by the local authority.
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