Two multi-let office buildings opposite the iconic Lloyds of London and in the heart of the City of London’s Eastern Tower Cluster.
Tenure
Long Leasehold
Timeline
2019 – Ongoing
Area
122,000 sq ft
(11,300 sq m)
Partner
Aegila Capital Management
Tenants
Everest, Tokyo Marine, HCC, Fenchurch Law
OPPORTUNITY
The Lime Street Estate comprises two interlinking buildings, situated on a prominent corner directly opposite the entrance to Leadenhall Market and the iconic Lloyds of London, the world’s leading specialist insurance market.
This multi-let property provides excellent short to medium term asset management potential, although its location in the heart of the City of London’s “Eastern Tower Cluster” provides the opportunity to significantly increase the height and massing.
ACTIVITY
Post acquisition Greycoat immediately set about implementing an active asset management plan of rolling refurbishment and leasing. This has included various building improvements, including upgrading the central services to move towards an all-electric MEP solution.
With a professional team led by Pilbrow & Partners, Greycoat is exploring opportunities to transform the existing low-rise buildings through for refurbishment and extension, as well as creating a new state-of-the-art tall building.
OUTCOME
The project is ongoing.
