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+44 (0) 207 183 7333

About

1 ALDERMANBURY SQUARE

1 Aldermanbury Square is a 67,000 sqft office building located in the heart of the City of London and in close proximity to the Guildhall and St Paul’s Cathedral.  Formerly the HQ of Standard Chartered Bank, the opportunity arose to redevelop and reposition the building when the occupational tenant's requirement changed.  The Landlord's Asset Management Team negotiated an attractive deal for the tenant to surrender its lease which enabled a timely refurbishment of the entire building including an enhancement of the dated facade and the addition of an extra floor and roof terraces at two levels.  Works were completed to coincide with the peak of the market and efficient marketing by the Landlord’s team ensured that it was quickly let in its entirety to a single Blue Chip US tech giant on a long term lease.  The outcome was that the investment was promptly restored to being income producing at a significantly higher rent than at purchase, resulting in enhanced capital value.

 

DETAILS

Address: 1 Aldermanbury Square, London EC2V 7RF

Client: Overseas Private Investor

Size: 67,000 sq ft

Type: Office building

 

Key Info

 

  • Lease surrender to secure reverse premium
  • Reconfiguration to increase NIA
  • Refurbishment
  • Marketing launch
  • Marketing Material (OPM and SC Budget packs)
  • CREP Presentation

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