Savills Central London Investmentpdf.savills.com/documents/Savills_CLI_Deals_2015.pdf · Prime...
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savills.co.uk/centrallondon Savills Central London Investment Savills transactional activity in H1 2015
Transcript of Savills Central London Investmentpdf.savills.com/documents/Savills_CLI_Deals_2015.pdf · Prime...
savills.co.uk/centrallondon
Savills Central London InvestmentSavills transactional activity in H1 2015
savills.co.uk/centrallondon
Savills had a productive H1 2015 with sales in excess of £1 billion completed to date and approximately £572 million under offer or available, which reflects our capability in handling sales of some of the capital’s most prominent buildings. Both national and international appetite remains very strong and remains on course to drive high investment turnover for the remainder of the year.
Stephen Down Head of Central London and International Investment +44 (0) 20 7409 8001 +44 (0) 7802 604 624 [email protected]
Strategic Investment Advisory
West End Investment
Paul Cockburn Director +44 (0) 20 7409 8788 +44 (0) 7870 555 706 [email protected]
Simon Ewart Perks Director +44 (0) 20 7409 8003 +44 (0) 7921 750 073 [email protected]
Jonathan O’Regan Director +44 (0) 20 7409 8179 +44 (0) 7840 284 629 [email protected]
Barry Mangan Director +44 (0) 20 7409 5915 +44 (0) 7985 416 325 [email protected]
City Investment
Robert Buchele Director +44 (0) 20 7409 8007 +44 (0) 7834 631 292 [email protected]
Felix Rabeneck Director +44 (0) 20 7409 8918 +44 (0) 7788 871 616 [email protected]
Daniel Hesketh Director +44 (0) 20 7409 8008 +44 (0) 7787 562 061 [email protected]
Richard Bullock Director +44 (0) 20 7409 8006 +44 (0) 7921 099 930 [email protected]
John Heaver Director +44 (0) 20 7409 8786 +44 (0) 7870 999 623 [email protected]
James Goldsmith Director +44 (0) 20 7409 9918 +44 (0) 7870 555 747 [email protected]
Oliver Bamber Director +44 (0) 20 7409 8849 +44 (0) 7870 999 765 [email protected]
Russell Banham Director +44 (0) 207 409 8133 +44 (0) 7972 000 238 [email protected]
Savills - West End 33 Margaret StreetLondon W1G 0JD
Savills - City 15 Finsbury Circus, London, EC2M 7EB
+44 (0) 20 7499 8644
savills.co.uk/centrallondon
Notting Hill Gate Estate, London W113.11 acre freehold of circa 170,000 sq ft in one of prime Central London’s wealthiest area. The Estate comprises highly reversionary retail and offices and spread over four holdings.
Vendor Notting Hill Estate LLP
Purchaser Confidential
Date June 2015
Status Sold
Price In excess of £210.0m guide price
Size 164,882 sq ft
Disposa
l
Transactions H1 2015 West End
4 Great Marlborough Street, London W1Prime retail unit of 3,612 sq ft let to Starbucks and located just off Carnaby Street.
Vendor Great Marlborough Estates
Purchaser Oxygen Assets Management
Date June 2015
Status Sold
Price £4.14m
Size 3,612 sq ft
Disposa
l
The Translation Building, Imperial West, White City, London W12Forward funding opportunity for the long leasehold interest in a 187,405 sq ft pre-let Grade A office development within a new 7.5 acre Innovation campus.
Vendor Imperial College of Science, Technology and Medicine
Purchaser Aviva Investors
Date May 2015
Status Sold
Price £152.5m
Size 187,405 sq ft
Disposa
l
savills.co.uk/centrallondon
Transactions H1 2015 West End
120 New Cavendish Street, London W1Virtual freehold office building of 32,481 sq ft, multi let with 81% of the income determinable on 6 months notice.
Vendor Private UK Investor
Purchaser University of Westminster
Date May 2015
Status Sold
Price £44.0m
Size 32,481 sq ft
Disposa
l
Mutual House, 193-201 Regent Street, London W1Flagship luxury retail let to Hackett, Church’s & The Pen Shop and self-contained offices to the upper floors accessed from Conduit Street.
Vendor Private Asian Investor
Purchaser Institutional Investor
Date March 2015
Status Sold
Price £85.5m
Size 26,933 sq ft
Disposa
l
One Sheldon Square, London W2Prime freehold office investment offering 195,381 sq ft of Grade A office space single-let to Visa Europe Services. Prominantly located at the gateway to Paddington Central.
Vendor EPF
Purchaser British Land
Date March 2015
Status Sold
Price £210.0m
Size 195,381 sq ft
Disposa
l
savills.co.uk/centrallondon
Transactions H1 2015 West End
246 Fulham Road, London SW10Grade II listed and fully-let retail and residential investment totalling 2,765 sq ft. Situated in a prime retail pitch directly opposite Chelsea & Westminster Hospital.
Vendor Private UK Investor
Purchaser Private UK Investor
Date February 2015
Status Sold
Price £2.6m
Size 2,765 sq ft
Disposa
l
Carrington Street Car Park, London W1A 0.5 acre freehold development site in the heart of Mayfair consisting of a car park offering development potential over both the upper and lower levels.
Vendor CP Co Ltd
Purchaser N/A
Date June 2015
Status Marketing
Price Guiding in excess of £60.0m
Size 0.5 acres
Disposa
l
95-99 Charing Cross Road, London WC2Two freehold retail units totalling 1,890 sq ft and occupying a busy retail pitch directly between Tottenham Court Road and Leicester Square stations.
Vendor Private UK Investor
Purchaser Private Asian Investor
Date March 2015
Status Sold
Price £4.35m
Size 1,890 sq ft
Disposa
l
savills.co.uk/centrallondon
Transactions H1 2015 West End
1-3 Charlotte Street, W1Prime freehold property comprising office and retail accommodation with planning consent for change of use to residential on the upper floors.
Vendor Private UK
Purchaser N/A
Date June 2015
Status Marketing
Price Guiding in excess of £3.5m
Size 4,033 sq ft
Disposa
l
76-78 Notting Hill Gate, London W11Prime retail and residential property situated in Notting Hill Gate. Attractive retail unit with a high specification triplex flat benefiting from its own private entrance from Pembridge Gardens.
Vendor Private UK Investor
Purchaser N/A
Date June 2015
Status Marketing
Price Guiding in excess of £15.0m
Size 7,459 sq ft
Disposa
l
158 Old Brompton Road, SW5Freehold property comprising 3,482 sq ft of retail and residential accommodation with an unexpired term of 9 years.
Vendor Wolfe
Purchaser N/A
Date June 2015
Status Marketing
Price Guiding in excess of £3.25m
Size 3,482 sq ft
Disposa
l
savills.co.uk/centrallondon
200 Strand, London WC2Mixed-use office and retail building arranged over basement, ground and five upper floors comprising approximately 12,432 sq ft let to Kerman & Co and Yorkshire Building Society.
Vendor Private UK
Purchaser Private Middle Eastern Investor
Date May 2015
Status Acquired
Price £17.3m
Size 12,432 sq ft
Acquis
ition
26 - 28 Hammersmith Grove, London W6Majority freehold multi-let mixed use property comprising 204,561 sq ft situated on Hammersmith Grove.
Vendor UK Private Equity
Purchaser Hermes
Date May 2015
Status Acquired
Price £131.0m
Size 204,561 sq ft
Acquis
ition
Transactions H1 2015 West End
10/10A Rochester Row, London SW1The Property provides two well configured retail units totalling 5,584 sq ft arranged over ground floor only let to Sainsbury’s and Interoffice Global.
Vendor UK Property Company
Purchaser N/A
Date June 2015
Status Marketing
Price Guiding in excess of £4.0m
Size 5,584 sq ft
Disposa
l
savills.co.uk/centrallondon
One Mabledon Place, London WC1Landmark tower totalling 90,579 sq ft of single-let Grade A office space comprehensively refurbished in 2014 and single-let to The Doctors Laboratory Ltd until November 2029.
Vendor UK Property Company
Purchaser Middle Eastern Investor
Date February 2015
Status Acquired
Price £72.5m
Size 90,579 sq ft
Acquis
ition
Transactions H1 2015 West End
New Oxford Street Estate, London WC1A 0.21 acre / 23,220 sq ft mixed-use development site on New Oxford Street. The seven adjoining buildings offer an exciting redevelopment opportunity.
Vendor UK Property Company
Purchaser Private Investor
Date January 2015
Status Acquired
Price £15.5m
Size 23,220 sq ft
Acquis
ition
savills.co.uk/centrallondon
Transactions H1 2015 City
80 Fenchurch Street, London EC3A substantial 0.6 acre site sold with planning for a 246,797 sq ft Fosters + Partners designed scheme.
Vendor Receivers
Purchaser European Institution
Date April 2015
Status Sold
Price £54.75m
Size 246,797 sq ft
Disposa
l
Computer Generated Image
3 Minster Court, London EC3Virtual freehold building (50% interest) fully let to the London Underwriting Centre until March 2016.
Vendor Santander
Purchaser Ivanhoe Cambridge and Greycoat
Date March 2015
Status Sold
Price £85.0m
Size 275,210 sq ft
Disposa
l
Bow Bells House, 11 Bread Street, EC4A prominent freehold property located adjacent to the historic St Mary-le-Bow Church and within close proximity to St Pauls Cathedral comprising office accommodation with retail at ground floor level and basement storage and car parking.
Vendor Private Russian Investor
Purchaser Fubon
Date January 2015
Status Sold
Price £185.0m
Size 164,681 sq ft
Disposa
l
savills.co.uk/centrallondon
Transactions H1 2015 City
East India Dock, London E14A multi-let high quality office campus estate consisting of 4 buildings on a 6.40 acre site.
Vendor UK Institution
Purchaser Confidential
Date June 2015
Status Under Offer
Price Guiding in excess of £170.0m
Size 591,090 sq ft
Disposa
l
24-30 West Smithfield, London EC1A Freehold property offering immediate vacant possession with refurbishment and change of use potential.
Vendor City & Guilds
Purchaser Confidential
Date June 2015
Status Under Offer
Price Guiding in excess of £35.0m
Size 73,403 sq ft
Disposa
l
Harmsworth House, Bouverie Street, EC4A Prime midtown long leasehold property comprising two interlinking buildings featuring office accommodation, together with public house, ancillary and car parking.
Vendor Tristan Capital Partners & Addington Capital
Purchaser N/A
Date June 2015
Status Marketing
Price Guiding in excess of £22.0m
Size 60,076 sq ft
Disposa
l
savills.co.uk/centrallondon
Transactions H1 2015 City
7 Bishopsgate, London EC2Refurbished multi-let Grade II listed building in close proximity to the Bank of England and Lloyd’s of London.
Vendor TIAA Henderson Real Estate
Purchaser N/A
Date June 2015
Status Marketing
Price Guiding in excess of £47.25m
Size 57,433 sq ft
Disposa
l
Watermark Place, 90 Upper Thames Street, London EC4Prime freehold office building with frontage to River Thames. Fully let to Nomura with c.14 years unexpired.
Vendor Oxford Properties
Purchaser Union Investment
Date May 2015
Status Acquired
Price £255.0m (50% stake)
Size 542,497 sq ft
Acquis
ition
Thames Court, 1 Queenhithe, London EC4Freehold investment opportunity fronting the river let to Rabobank and The Royal Bank of Canada.
Vendor CVRE Global Investors
Purchaser N/A
Date June 2015
Status Marketing
Price Guiding in excess of £195.0m
Size 227,765 sq ft
Disposa
l
savills.co.uk/centrallondon
Transactions H1 2015 City
130 Wood Street, London EC2Freehold office building close to St.Paul’s Cathedral and fully-let to four tenants.
Vendor Land Securities
Purchaser Singaporean Investors
Date May 2015
Status Acquired
Price £52.6m
Size 64,581 sq ft
Acquis
ition
80 Coleman Street, London EC2Grade II listed mixed use office and retail building in a core City of London location providing a 15 year sale and leaseback opportunity.
Vendor Beaumont Business Centres
Purchaser Corpus Sireo
Date April 2015
Status Acquired
Price £27.0m
Size 27,614 sq ft
Acquis
ition
30 King Street, London EC2Core City of London building constructed in 2009 and multi-let to six tenants.
Vendor Ardstone
Purchaser Orchard Street
Date May 2015
Status Acquired
Price £37.0m
Size 35,906 sq ft
Acquis
ition
savills.co.uk/centrallondon
51 Moorgate, London EC2A long leasehold refurbishment opportunity.
Vendor Corpus Sireo
Purchaser Skanska
Date March 2015
Status Acquired
Price £17.0m
Size 40,303 sq ft
Acquis
ition
21 Moorfields, London EC2A 1.9 acre site strategically located at the western entrance to Liverpool Street’s Crossrail Station.
Vendor Administrators
Purchaser Land Securities
Date February 2015
Status Acquired
Price £16.6m
Size c.500,000 sq ft (proposed)
Acquis
ition
CGI
Monument Place, 24 Monument Street, London EC3A new freehold development of 83,077 sq ft in a prime location.
Vendor Rockspring
Purchaser CERN
Date March 2015
Status Acquired
Price £93.0m
Size 83,077 sq ft
Acquis
ition
Computer Generated Image
Transactions H1 2015 City
savills.co.uk/centrallondon
Cannon Bridge House, 25 Dowgate Hill, London EC4Landmark City of London office building directly above Cannon Street station.
Vendor Westbrook
Purchaser Blackstone
Date January 2015
Status Acquired
Price £166.0m
Size 285,580 sq ft
Acquis
ition
St Clement’s House, 27/28 Clements Lane, London EC4Freehold office building with the majority of the accommodation single-let to MWB Business Exchange.
Vendor US Institution
Purchaser US Institution
Date June 2015
Status Under Offer
Price £25.0m
Size 43,392 sq ft
Acquis
ition
75 King William Street, London EC4Refurbished multi-let freehold building approximately 125 metres from the Bank of England.
Vendor Aberdeen Asset Management
Purchaser Singaporean Institution
Date January 2015
Status Acquired
Price £96.0m
Size 128,132 sq ft
Acquis
ition
Transactions H1 2015 City
savills.co.uk/centrallondon
Why Savills?
g In the last 18 months Savills has advised on £7.75bn worth of transactions in the Central London investment market.
g Savills has an unrivalled investment track record in London with a team comprising senior and highly experienced Directors.
g Savills was ranked as the UK’s number one property services firm in 2014 by Estates Gazzette for the 12th consecutive year.
g In the last 24 months Savills has exceeded quoting levels on 90% of all our City sales and on 100% of those over £100m
g In 2014, Savills advised on the disposal of 30 St Mary Axe “The Gherkin”, achieving a price £726 million and setting records for both yield and capital value per sq ft for a City building.
g Last year Savills advised on over 90 commercial sales and acquisitions in Central London, with 46 commercial sales recorded in H1 2015.
g Savills capital markets and agency teams operate as one holistic team thereby creating a close working relationship.
g As a highly successful, multi-disciplinary firm, we are able to draw upon expertise in areas as diverse as finance, building and property management.
g Savills was involved in 25% (by volume) of all City transactions over £100m in 2014.
g Savills was involved in 19% (by number) of all West End transactions in 2014.
g Last year Savills advised clients from over 14 different countries in the Central London investment market.
g Savills won 23 awards in 7 regional offices at the International Property Awards including Best Real Estate Agency Asia Pacific and Best Property Consultancy Marketing in Singapore.
g Savills has topped the real estate agents / advisors category in the 2015 UK Business Superbrand.
g In March 2015, Savills was recognised for its exceptional achievement at 13th Annual Managing Partners Forum (MPF) Awards for its outstanding contribution to the property profession.
