Key Details

Overview

Thirty Broadwick at 30 Broadwick Street is a 92,300 sq ft an office and retail building in London W1.

30 Broadwick Street is an 8-storey building comprising 94,300 sq ft of Grade A office, retail and restaurant accommodation.

Formerly St Lawrence House.

2017 December - GPE sells 30 Broadwick Street to a client of Savills IM. The headline price of £190.0 million, equating to £186 million after deductions for tenant incentives, was marginally ahead of the September 2017 book value, reflecting a headline net initial yield of 4.0% and a capital value of £2,015 per sq ft. Completion in January 2018. The building is fully let, with the office tenants including Boston Consulting Group, Exponent Private Equity, Jagex, and EQT Partners UK Advisors, on rents ranging from £86.50 to £110 per sq ft. The retail tenants include Nespresso, Estee Lauder Cosmetics (trading as Bobbi Brown) and OVO, with the restaurant let to The Ivy Brasserie. The total contracted rental income is £8.15 million per annum.

2016 November - development completes.

2014 March - Planning application submitted to Westminster City Council:
Demolition of the existing buildings at 26-34 Broadwick Street and 10 Livonia Street and redevelopment comprising dual / alternative use of part of the basement and ground floors as either retail (A1) or office (B1a) or light industrial (Class B1c) accommodation; restaurant (Class A3) at part ground floor level and office (Class B1a) accommodation at ground to sixth floor level. Creation of terraces and green roof areas at fourth, fifth, sixth and seventh floor levels; installation of plant within an enclosure and photovoltaic cells at seventh floor level; alterations to all facades of the building; public realm improvements on the public highway and other associated works. (Part of land use swap with 78-80 and 82 Great Portland Street and 15-23 Riding House Street). Ref. no: 14/02855/FULL.[1]

2004 August - Great Portland Estates plc 'GPE' by way of a corporate purchase has acquired the freehold of St Lawrence House, 26/34 Broadwick Street, 10 Livonia Street and 1a and 1b Poland Street from Capital and City plc for £37.73 million in cash (of which £25.75 million has been used to discharge debt), reflecting a yield of 6.4% on cost.

Sources:
1. Westminster City Council www.westminster.gov.uk/planning