30 Lombard Street CGI at mckaysecurities.plc.uk

Aurum

EC3V
Commercial

Key Details

Address
30-32 Lombard Street, London EC3V 9BQ
Completion
January 2019
Size
58,000 sq ft>
Offices
1

Overview

Aurum at 30 Lombard Street is an office building in the City of London EC3.

Grade A office building is set across 11 floors and benefits from column-free floor space and excellent natural light as a result of its corner location. The substantial roof terrace overlooks the 17th-century Wren church opposite and other iconic city buildings.

The building provides 58,000 sq ft of exceptional quality office space and has been designed to offer an attractive prospect to either a single occupier, looking for a core City and globally recognised address, or to a number of occupiers. It will provide regular floor plates over lower ground and nine upper floors and a large roof terrace.

History

2018 March - McKay exchanges contracts to let the entirety of its 58,000 sq ft speculative office development, Aurum, at 30 Lombard Street in the City of London. The high-quality office building was pre-let on a 15-year term (without breaks) to FTSE 100 wealth manager, St. James's Place plc. The contracted net rental income of £3.40m pa, equivalent to £65.00 per square foot, was agreed in line with ERV and includes five-yearly upward only rent reviews. The agreement was contingent on practical completion of the building in the summer, with St. James's Place then taking occupation in January 2019. Knight Frank and Savills acted on behalf of McKay while Doherty Baines acted for St. James's Place.

1999 - McKay Securities PLC acquired the long leasehold interest of the site in 1999 with a 36,000 sq ft 1960’s office building generating a rental income of £1.12m pa and a planning consent in place for 53,500 sq ft.

Site & Location

Transport

TUBE
Monument Underground StationCircle, District
BUS
Fenchurch Street - 1 min. walking / 8 metres149, 344, 35, 388, 47

Team

Company
Type
Developer
ISG
Main Contractor
Lettings

News

News, events, milestones and offers from the new development
McKay Securities Plc has completed the sale of its long leasehold interest in 30 Lombard Street to a German institutional fund. The headline sale price of £76.5m reflects a net initial yield of 4.16% on a topped-up basis and a capital value of £1,308 per sq ft. Net sale proceeds of £68.5m...
09/09/2020 08:33 by Buildington
Sale Agreed
McKay Securities Plc has recently exchanged contracts to sell the long leasehold interest in 30 Lombard Street. The headline sale price of £76.5m (prior to the deduction of outstanding tenant incentives, tax and sale costs), reflects a net initial yield of 4.16% on a topped-up basis and a...
28/12/2019 22:48 by Buildington
Given the strength of overseas investment demand in the Central London office market, McKay Securities PLC has recently instructed agents to explore the disposal of the Aurum development at 30 Lombard Street. Aurum was completed in January 2019. St James's Place, the FTSE 100 wealth manager,...
18/11/2019 10:24 by Buildington

Disclaimer

Information on this page is for guidance only and remains subject to change. Buildington does not sell or let this property. For more information about this property please register your interest on the original website or get in touch with the Connected Companies.