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The landmark office headquarters was designed by Foster and Partners and completed in 2003. It comprises 25,125 sq m (259,685 sq ft) office, retail and ancillary accommodation over seven floors with 30 car parking spaces.
It is let to eight tenants with Lloyds TSB accounting for 55% of the rent until August 2022 at a passing rent of £42.40 per sq ft overall. Other tenants include Jones Lang LaSalle, Alcentra, Milbank Tweed Hadley & McCloy, Mondrian Investment Partners, Principal Global Investors and JC Flowers. The restaurant is let to Malfatti City Limited. The total annual passing rent is £11,312,928 per annum.
James Goldsmith, director of Savills Central London International team says: "High quality, trophy assets in such a core City of London location rarely come available. This building is finished to the highest standard with excellent tenants on very modest rents and with rental growth forecast at 34% over the next four years, the property has excellent prospects for investment performance. There are also significant capital allowances available".
Source: Savills
