East Side Roll!

20th May 2014
East Side Roll!

The focus on the EC3 property market and the east side of the City core looks set to continue after a recent spate of headline transactions.  

The huge majority pre-let of insurer Generali's 430,000 sq ft office scheme at 120 Fenchurch Street, EC3 has been confirmed to fund management group M&G.  The company has taken a 20-year lease for approximately three quarters of the office space, consolidating all their London offices into this one location. 

The planned office building at 1 Mitre Square, EC3 by Helical Bar has received funding from Healthcare of Ontario Pension Plan Trust Fund to facilitate construction of a 17 storey building consisting of approximately 270,000 sq ft of offices.  A completion date of Q4 2016 has been projected. 

The sale has also been confirmed of Bankside House, 107 Leadenhall Street, EC3, to London & Oriental.  RBS Real Estate has agreed to sell the mulit-let unit for a sum reported to be close to £60m, a yield of 5.75%. Long-term redevelopment of the site has long been mooted.  

The extraordinary regeneration of the Spitalfields area over the past two decades is set to continue following confirmation of backing by M&G Real Estate for Exemplar Properties’ proposals for the fruit & Wool Exchange.  The building is set to offer approximately 320,000 sq ft of office retail and leisure accommodation.  

For further discussion please contact Jon Beilin or David Alcock.


Browser Update Required

This website does not support your current version of Internet Explorer, Please download the recent version from one of the links provided.

Update to Google Chrome Update to Internet Edge