The Weekly Wrap
INSTRUCTION! – 55 Bishopsgate
55 Bishopsgate, EC2 – Part 7th floor (1,580 sq ft)
located close to Liverpool Street, Moorgate and Bank stations, provides
exceptional transport links which will be further enhanced with the arrival of
the Elizabeth Line in 2021.
Fountain House – LET
We are delighted to announce that the 4th floor offices (8,122 sq ft) at Fountain House, 130 Fenchurch Street, EC3 have been let to Content & Code Ltd.Situated in the heart of the City’s insurance district, Fountain House is ideally located for Lloyd’s of London and can be accessed from Fenchurch Street, Cullum Street or Fen Court.For more information please contact Ali Porter (0207 456 0707) or Jon Beilin (0207 456 0727) at Newton Perkins.
secures a loan extension of £93.75m from DekaBank on City's 55 Bishopsgate
Schroder Real Estate Investment Management secured a £93.75m,
18-month loan extension from DekaBank for 55 Bishopsgate, EC2 in the City of
Arranged over basement, ground and seven upper floors, the
193,000 sq ft building is let to 13 tenants.
The loan is being made available to joint venture owners
managed by Schroder Real Estate Investment Management and will enable Schroders
to progress its asset management strategy and explore longer-term options for
In December 2015, Schroder Real Estate bought the property
from the Canada Pension Plan Investment Board on behalf of a separate account
holder for just under £190m.
After lettings to Towergate Underwriting, Boots and Fitness
First totalling 63,000 sq ft, the last occupant to sign up was Hampshire Trust
Ban, holding a first floor ten-year lease at a rent of £61 per sq ft.
City of London
Corp confirms sale of Wood Street Police station
The City of London Corporation has completed the sale of Wood
Street police station in the City of London.
Wood Street Hotel Ltd, owned by Magnificent Hotels, secured a
151-year lease for the class II listed building, and plans to turn it into a
five-star boutique hotel, subject to planning permission.
It is reported that the Hong Kong-based company bought the police
station at a sum of over £40m.
Last year, the City of London Police found the station to be
redundant to operational requirements.
The building will be used by the police until roughly
December this year to allow time for the decommissioning of the building.
London Corporation planning chief retires
A senior council manager who has been active in some of the
biggest projects at Square Mile over the last three decades is withdrawing from
the City of London Corporation.
Chief Planning Officer Annie Hampson OBE has been closely
involved in projects such as the Gherkin, the Millennium Bridge, the Bank of
England's refurbishment and the redevelopment of St Bartholomew's Hospital with
the corporation in her 31 years.
The planning department won a number of awards while she was
in charge, including the Local Planning Authority of the Year and the Mayor’s
Prize for Planning Excellence at the 2017 London Planning Awards.
architects for Smithfield market announced
Studio Egret West and Hawkins\Brown are the winning architectural
teams for the buildings of Smithfield East and West Market.
The projects will help fulfil the dream for Culture Mile of
the City of London Corporation stretching from Farringdon to Moorgate.
Culture Mile is led by the City of London Corporation, along
with the Barbican, the Guildhall School of Music & Drama, the London
Symphony Orchestra, the London Museum and an increasing network of partners
from across the financial, educational and public industries.
Together the partners are driving the area's transition,
enhancing their value to customers with seven days a week of creative
partnerships, outdoor entertainment, and activities.
Once the Elizabeth Line stations open at Farringdon and
Moorgate by 2021, it is anticipated that many thousands of more people will
come to the City. The new Museum of London is set to open in 2024 in Smithfield
as well as a new Centre for Music.
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