City Investment Transactions June 2020

City Investment Transactions PB/i

Allsop – City Investment Transactions

A selection of some of our recent transactions 01

Allsop – City Investment Transactions

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Allsop – City Investment Transactions

10 Old Bailey London EC4 Acquired Client: Overseas Investor Size: 74,603 sq ft Transaction: Acquisition of Long Leasehold multi-let office investment Pricing: £60.90M reflecting 4.75%, and a capital value of £816 psf 4/5

90 Chancery Lane London WC2 Acquired Client: Private Overseas Size: 33,408 sq ft Transaction: Acquisition of Freehold multi-let office and retail investment Pricing: £33.90M reflecting 4.42%, and a capital value of £1,014 psf Allsop – City Investment Transactions

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Allsop – City Investment Transactions

222 Bishopsgate London EC2 Acquired Client: London & Regional Properties Size: 23,056 sq ft Transaction: Acquisition of Freehold office and retail refurbishment opportunity Pricing: £21.10M reflecting a capital value of £915 psf 8/9

1 Fetter Lane London EC4 Sold Client: CCLA Size: 24,056 sq ft Transaction: Sale of Freehold office and retail refurbishment opportunity Pricing: £22.0M reflecting a capital value of £914.50 psf Allsop – City Investment Transactions

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Allsop – City Investment Transactions

Quality Court Chancery Lane London WC2 Sold Client: Workspace Plc Size: 18,535 sq ft Transaction: Sale of Freehold Grade II listed multi-let office investment Pricing: £15.90M reflecting 4.76%, and a capital value of £858 psf 12/13

The Epworth Shoreditch London EC2 Sold Client: London & Regional Size: 62,789 sq ft Transaction: Sale of the Virtual Freehold in a newly developed office investment Pricing: £73.0M reflecting 4.95%, and a capital value of £1,162 psf Allsop – City Investment Transactions

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Allsop – City Investment Transactions

Ibex House Minories London EC3 Sold Client: Harel Insurance and CLAL Size: 191,144 sq ft Transaction: Sale of Freehold mulit-let office and retail investment with refurbishment potential to Dukelease/Henderson Park Pricing: £121.20M reflecting c.4.9%, and a capital value of £634 psf 16/17

Netil House London Fields London E18 Acquired Client: Overseas Investor Size: 48,000 sq ft Transaction: Acquisition of Freehold office, retail refurbishment and extension opportunity Pricing: £23.40M reflecting a capital value of £487 psf Allsop – City Investment Transactions

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CGI Allsop – City Investment Transactions

9 & 16 Prescot Street London E1 Sold Client: Derwent London and LaSalle Investment Management Size: A 96,948 sq ft office building and a 8,772 sq ft Grade II listed self-contained A3 building Transaction: Sale of two independent Freehold investments each with active management potential to CLS Pricing: £57.50M reflecting a capital value of £545 psf 20/21

Palace House 3 Cathedral Street London SE1 Sold Client: Schroders Real Estate Investment Management Size: 45,012 sq ft Transaction: Sale of Freehold office and retail investment to CCLA Pricing: £48.75M reflecting 4.4%, and a capital value of £1,083 psf Allsop – City Investment Transactions

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Allsop – City Investment Transactions

Vestry Street Studios London N1 Sold Client: Workspace Plc Size: 22,560 sq ft Transaction: Sale of Freehold multi-let office investment Pricing: £20.00M reflecting 4.82%, and a capital value of £886 psf 24/25

27-30 Lime Street London EC3 Acquired Client: L M Stern Size: 12,069 sq ft Transaction: Acquisition of Long Leasehold mixed use, mulit-let investment Pricing: £9.8M reflecting 5.73% and a capital value of £785 psf on the Leasehold Allsop – City Investment Transactions

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Allsop – City Investment Transactions

One Clink Street London SE1 Sold Client: Angle Property and Fiera Capital Size: 22,975 sq ft Transaction: Sale of Freehold multi-let office, residential and A3 investment to Nuveen Pricing: £18.60M reflecting 5.7% and a capital value of £810 psf 28/29

81–82 Gracechurch Street London EC3 Sold Client: LaSalle Investment Management Size: 19,418 sq ft Transaction: Sale of Long Leasehold mixed use, mulit-let investment to London & Oxford Group Pricing: £15.50M reflecting 5.4%, and a capital value of £798 psf on the Leasehold Allsop – City Investment Transactions

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Allsop – City Investment Transactions

9–13 Grape Street London WC2 Acquired Client: Lovell Consulting Size: 8,954 sq ft Transaction: Acquisition of Freehold office building with vacant possession Pricing: £7.50M reflecting a capital value of £838 psf 32/33

4 Breams Buildings London EC4 Acquired Client: Private client of Riverside Capital Size: 7,461 sq ft Transaction: Acquisition of Freehold office building with vacant possession Pricing: £5.70M reflecting a capital value of £764 psf Allsop – City Investment Transactions

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Meet the Team James Abrahams Jonathan Ruback Partner Consultant Commercial Investment - City Commercial Investment - City +44 (0)20 7330 1979 +44 (0)20 7588 4433 [email protected] [email protected] Christopher Room Marsha Rabinovich Partner Associate Commercial Investment - City Commercial Investment - City +44 (0)20 7330 1977 +44 (0)20 7330 1978 [email protected] [email protected] Allsop – City Investment Transactions

Howard Kauffman Matthew Millman Consultant Partner Commercial Investment - City Commercial Investment - City +44 (0)20 7588 4433 +44 (0)20 7330 1985 [email protected] [email protected] To find out more, please contact one of our team on +44 (0)207 588 4433 to discuss your requirements further. Oliver Turney Surveyor +44 (0)20 7330 1989 [email protected] 36/37

Notes / Further Information Allsop – City Investment Transactions

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Contact 2 Copthall Avenue London EC2R 7DA Tel: +44 (0)20 7588 4433