100 Leadenhall Street, EC3

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Description

100 Leadenhall Street comprises 126,000 square feet of Grade A office and retail space refurbished in 2002 and spread over nine storeys above ground level. The office space is single let to ACE until 2018 as their headquarters. The building is contiguous with the multi-let 107 Leadenhall Street also asset managed by London & Oriental.

Opportunity

The building lies in a prime EC3 insurance location. As well as providing medium term rental income the property represents a longer term investment opportunity. There may be scope to regear/renew the lease with ACE and if not market the building either as a headquarters for a new single tenant or as a repositioned multi-let asset.

Value Added

  • L&O identified the investment opportunity and negotiated the successful off-market purchase in a limited timeframe having undertaken detailed due diligence on behalf of the beneficial owners.
  • L&O have been appointed as Asset Manager and will be exploring the potential to either regear or renew the lease to ACE or undertake a full marketing campaign following lease expiry.
  • L&O will explore possible increases in the investment value of the building through asset management initiatives as and when they present themselves.