A 150,000 sq ft office property at 150 Cheapside, EC2, has seen a flurry of activity with four new tenants signing up for lease terms in a single week.
150 Cheapside, owned by St Martins Properties is based opposite St Paul’s Cathedral is a new grade A landmark office development offering just under 180,000 sq ft of office space over eight floors and has been awarded a rating of BREEAM ‘Excellent’.
Condor House has been sold to SEB Asset Management for £134.3 million. The EC4 office space is located opposite St Paul’s Cathedral and was sold by real estate specialists Evans Randall Group.
The building contains 110,000 square foot of office space and was originally put on the market by Evan Randalls in January 2008 at the price of £115 million. They had hoped to make a 5.75 per cent yield. (more…)
After plans have been made public that Saudi investors intend to turn empty land at St Paul’s Cathedral into office space, Princes Charles has urged them to reconsider.
The Church of England has been privately negotiating with the Saudi Ryadh Investments (SRI) over a fee for the land. If purchased then the land, east of the cathedral, would be turned into 100,000 square feet of office space.
In the past the Church has struggled with the cost of repairing historic buildings all across the country but this £2billion deal could secure restoration projects for years to come.