Moor House formed the building blocks of the Asset Management business at Greycoat. Originally purchased in 1987, it comprised 98,000 sq ft of offices let on short term leases. However a change in market conditions led to a prolonged period of letting and re-letting, intensively managing the asset to retain tenants and maximise income until redevelopment was viable.
Greycoat acted as Development Manager for the subsequent scheme, designed by world renowned architects Foster + Partners and completed in 2005. This saw the creation of a new landmark building in the heart of the City of London, providing Grade A office and retail accommodation over basement, lower ground, ground, mezzanine and 16 upper floors, with panoramic views over central London.
Acquired
1987
Area
327,400 sq ft
30,413 sq m
Investor & Partner
Hammerson plc and Pearl Assurance
Tenants
HVB, Macquarie Bank and Pictet