Investment Advisory - Example

Windsor House

Client: Private Hong Kong Family

Property: Windsor House, Victoria St, London SW1

Date: October 2009

Summary: A Freehold building, refurbished to a very high standard in 2004 providing 134,165 sq ft of Grade A offices and 11,995 sq ft of retail accommodation with storage and car parking in the basement. There are also 20 flats sold off on long leashold. 79% of the income is secured against the Government funded tenant, Transport for London, on a lease expiring in September 2024, thus having 13 years unexpired. 20% of the income is secured against the covenant of Lloyds TSB Bank PLC on 2 leases expiring September 2021 and September 2026.

The property was acquired by a Private Hong Kong family for long term investment purposes and as a strategic holding, being an adjoining building to an existing asset.

The property was identified by London & Oriental who have subsequently been appointed as Asset Manager.