Norges Bank Real Estate Management has acquired a 100% interest in an office property located on 60 Holborn Viaduct for £321.3 million.
The agreement was signed and completed on 27 September 2018. The asset is unencumbered by debt, and no financing was involved in the transaction.
The seller of the property was VGV Immobilienfonds II, a fund managed by Union Investment Institutional Property GmbH.
The property comprises 219,000 square feet of office space and 17,000 square feet of retail space across five units.
28/09/2018 11:27 by Buildington
Sixty London, along with 12 other real estate developments from around the globe, has been selected as a winner in the 2014 Urban Land Institute (ULI) Global Awards for Excellence competition.
For more information please visit uli.org.
24/10/2014 11:16 by Buildington
Sixty London at 60 Holborn Viaduct has won the prestigious ‘Best Large Commercial Building’ category at the London region Local Authority and Building Control (LABC) Building Excellence Awards.
Nominated by the City of London Building Control, the award recognises building excellence in the delivery of outstanding construction and workmanship.
The £60 million construction project delivered a new thirteen-floor state-of-the-art office building which was occupied, by world leading brand, Amazon, ahead of completion. With 30,000m2 of interior space, the building’s curving façade takes into account the area’s historic character and maintains important views of St. Paul’s Cathedral as well as the light requirements of its neighbours.
The building is built to high sustainability standards with features such as a solar heated hot water supply and automatic lighting controls, which adjust luminance according to sunlight. The building has been awarded BREEAM ‘Excellent’ status, the world's foremost environmental assessment method and rating system for buildings.
The project was completed to an accelerated schedule utliising Balfour Beatty Ground Engineering to advance test and certify the existing piles and through close collaboration with the customer, AXA Real Estate, throughout.
The construction saw the blending of modern new features, such as hundreds of individually-shaped glazed units with historical aspects, such as the reinstatement of the original gatehouse and a statue of one of the City of London’s historic patrons, Sir Hugh Middleton which had been destroyed in the London Blitz.
Vince Lydon, Balfour Beatty Delivery Director (Strategic Projects), said: “We are delighted with this award which shows that Balfour Beatty is a leading constructor in delivering high quality commercial buildings in London. 60 Holborn is a landmark site in the City of London and this complex project required a sympathetic blend of modern and historic features which this award recognises has been successfully achieved.”
Balfour Beatty is engaged in a number of London’s most prestigious commercial contracts including St James’ Market, Sea Containers House, and the five-star Arora Hotel in Greenwich.
Source: Balfour Beatty www.balfourbeatty.com 13. May 2014
15/05/2014 13:25 by Buildington
Amazon has today announced that it will open a new office at 60 Holborn Viaduct later this year.
Located opposite Smithfield Market, 60 Holborn Viaduct benefits from 12 floors comprising a total of 210,000 sq. ft. The first phase of the building’s development is due for completion in September and Amazon expects several hundred existing employees to move to this new office by the end of 2013. When fully complete, the building will accommodate over 1,600 people.
“This new office location will provide the space we require for hundreds of our existing employees as well as many more that we will hire in the future,” said Christopher North, Managing Director of Amazon.co.uk Ltd. “Amazon has over 6,000 permanent employees in the UK and we will continue to create thousands of jobs in the coming years across the UK. We look forward to drawing from the capital’s strong pool of talent as we continue to innovate and enhance our service for the benefit of all our customers.”
Having opened Amazon’s Development Centre in London last year, the Mayor Boris Johnson welcomed the move, stating: ‘I am delighted that Amazon is once again choosing London for its ambitious expansion plans. This is excellent news for London’s continued growth as a leading global hub for tech talent. Whether a giant or an exciting new start-up, London is proving time and time again that we have the right places and people to support this vibrant sector, which is a significant contributor to our city’s economy supporting tens of thousands of jobs.’
60 Holborn Viaduct is the first of AXA Real Estate’s developments in the UK on behalf of its dedicated development fund, DVIII. The building has been designed by international architects, KPF, and will receive a BREEAM Excellent certification.
Harry Badham, AXA’s UK Head of Development, said: “This is another fantastic endorsement of the product that we are creating in our current development pipeline and shows our ability to work with companies from all business sectors.”
Source: Amazon May 2013
10/07/2013 10:04 by Buildington
AXA Real Estate Investment Managers (“AXA Real Estate”), the leading real estate portfolio and asset manager in Europe1, with over €42 billion of assets under management as at September 2012, announces the topping out of Sixty London, a 215,000 sq ft, prime City of London Grade A office development which is scheduled for completion in summer 2013. The building is currently being developed by AXA Real Estate’s pan-European development fund, Development Venture III, which held its final close in December 2011 having raised €588.5 million of total equity.
The Kohn Pederson Fox designed scheme, set out over nine office floors, is being constructed by Balfour Beatty and is targeting a BREEAM2 ‘Excellent’ rating. The development also includes 20,000 sq ft of retail and restaurant use which has been partly pre-let to Drake & Morgan, the London based bar and restaurant group behind award winning locations including The Anthologist and The Refinery. The venue will trade over three floors and its entrance will be in the fourth Gatehouse on Holborn Viaduct, which is being rebuilt by AXA Real Estate to its original Victorian design.
Sixty London benefits from excellent transport links and local amenities, making it appealing to a wide range of potential occupiers. With access to four underground lines and the mainline rail network, it is the only new London development within 20 minutes from London’s busiest mainline railway stations, including King’s Cross St Pancras, Victoria, London Bridge, Euston, Liverpool Street, Waterloo and Paddington. All five of London’s airports are also within an hour’s reach. It is opposite the City Thameslink station and two minutes walk from Farringdon, which, upon the introduction of Crossrail, will become one of London’s busiest transport nodes. It is also just five minutes’ walk from the new shopping centre at One New Change.
AXA Real Estate has been extremely active in development projects across Europe and has managed investments, on behalf of its clients, into over 250 projects since 2000 with a combined gross development value exceeding €8 billion. Leveraging from this wide ranging expertise, AXA Real Estate continues to be heavily active in the European development market and currently manages on behalf of its clients development projects, across all asset types, with a value in excess of over €4 billion as at September 2012.
Harry Badham, AXA Real Estate’s UK Director of Development at, commented: “The topping out of Sixty London demonstrates how far the development has progressed since we acquired the scheme last year. The quality of the architecture and finishes are testament to the skill of our design and contractor team in creating what will become a very special London landmark office building.”
Source: AXA Real Estate
26/10/2012 01:08 by Buildington
19/10/2011 15:49 by Buildington