90 Bartholomew Close CGI on Helical website in June 2017; screen capture helical.co.uk.

90 Bartholomew Close CGI on Helical website in June 2017; screen capture helical.co.uk.

10.6.2017

90 Bartholomew Close

Address:
90 Bartholomew Close, London EC1A 7EB
Type:
Commercial
Completion:
May 2018
Area:
24,013 sq ft
Offices:
1
Viewed:
3409

Description of 90 Bartholomew Close

90 Bartholomew Close is an office building in the City of London EC1. The development by Helical completed in March 2018.

24,013 sq ft of office space is arranged over first-sixth floors and a 6,414 sq ft restaurant at ground and lower ground, behind the retained Edwardian façade.

Delivering BREEAM Excellent, bike storage and shower facilities, the property offers contemporary and stylish office space to businesses attracted to Barts Square’s contrasting attributes of a new urban quarter together with its excellent connectivity.

2020 - The restaurant is occupied by the award-winning LINO in 2020. The five office tenants are from a range of industries including law, software design and business consultancy. The total headline rent roll of £2,031,224 per annum reflects an average of £76.26 per sq ft on the office accommodation.

Short walk from the new Farringdon East Elizabeth Line (Crossrail) station.

The building underwent a comprehensive refurbishment, with two additional floors being added in 2017.

Former linoleum and carpet warehouse and showroom.

Connected Companies

Developer:
Architect:
Lettings:

Transport

The nearest tube, train and bus stations.
St. Paul's Underground Station
Central
King Edward Street / St Pauls Station
100

News: (5)

Helical's joint venture with The Baupost Group, L.L.C. has exchanged contracts on the sale of 90 Bartholomew Close to La Francaise Real Estate Partners International (LF REPI), a pan-European investment business acting on behalf of a French collective real estate investment vehicle. The disposal price of £48.5m reflects a net initial yield of 3.92% (£1,594 per sq ft capital value).

The recently completed six-storey building provides 24,013 sq ft of office space, as well as a 6,414 sq ft restaurant which is occupied by the award-winning LINO. The five office tenants are from a range of industries including law, software design and business consultancy. The total headline rent roll of £2,031,224 per annum reflects an average of £76.26 per sq ft on the office accommodation.

La Française Real Estate Partners International, a La Française group member company, provides a complete investment management service in both direct and indirect real estate investments for a wide range of international clients across continental Europe, the UK and Asia.

Gerald Kaye, CEO, Helical, said: “Despite operating in a constrained environment, the timing of this sale reflects my firm belief that the attraction of good quality London real estate for international capital will continue. 90 Bartholomew Close is an integral part of the Barts Square estate as it forms a recognisable landmark ‘gateway’ to the newly created public realm and retail offering. We look forward to continuing working closely with LF REPI to ensure the estate goes from strength to strength.”

Peter Balfour, Investment Director, LF REPI added: “90 Bartholomew Close marks the milestone of our first acquisition in the UK on behalf of La Francaise funds and signifies the intention to grow our assets under management in the UK real estate market. We are pleased to have purchased a key building in Helical’s Barts Square estate and anticipate good growth prospects associated with the completion of new developments nearby. 90 Bartholomew Close makes a good addition to our group’s portfolio of €23 billion in assets under management.”

Helical was advised by Ingleby Trice and Fineman Ross. JLL acted for La Francaise Real Estate Partners International.

17/04/2020 21:33 by Buildington

An office refurbishment of 24,013 sq ft, the building is now fully let following the completion of three lettings during the period from 1st October 2019.

The fitted second floor was let to Peakon, an existing tenant within the Helical portfolio, the third floor was let to Constantine Cannon and the sixth floor was let to Eric Salmon.

Source: Helical Bar Plc Half Year Results For the Six Months from 1st October 2019 www.helical.co.uk

02/04/2020 17:58 by Buildington
Fully Let

Helical plc has recently completed an additional three lettings at 90 Bartholomew Close, Barts Square and the building is now fully let

- Law firm Constantine Cannon has agreed a five-year lease for the 4,733 sq ft 3rd floor.
- The 6th floor of 2,399 sq ft will be occupied by executive search firm Eric Salmon & Partners on a 10-year lease.
- The 2nd floor of 4,675 sq ft, which is fully fitted, has been taken for expansion space by an existing tenant of Helical’s on a five-year lease.

The recently completed six-storey, 90 Bartholomew Close provides 24,013 sq ft of offices, and 6,414 sq ft of restaurant space, occupied by the award-winning LINO, all housed behind an attractive retained Victorian façade.

Delivering WiredScore Gold, bike storage and shower facilities, the property offers contemporary and stylish office space to businesses attracted to Barts Square’s contrasting attributes of a new urban village together with its excellent connectivity.

Oliver Rippier, Development Executive at Helical, said: “Adding the final three occupiers at 90 Bartholomew Close is a significant milestone for Helical, with the diversity of the building’s tenant mix demonstrating the appeal of our high quality space and the growing popularity of the area. Since the start of 2019 we have now let 164,247 sq ft of space at Barts Square, to ten different office occupiers, with only one floor, of 19,609 sq ft, remaining at One Bartholomew. January 2020 will see the launch of 55 Bartholomew Close which will be the final office building to complete at Barts Square. This totals 11,000 sq ft and is a sensitive refurbishment of a Victorian warehouse building which will provide a home for smaller occupiers and further enhance the offer of the estate.”

Helical was advised by Ingleby Trice and Gryphon Property Partners. Farebrother acted for the 2nd floor tenant and Constantine Cannon. Simmons & Co acted for Eric Salmon & Partners.

21/11/2019 11:01 by Buildington
New Letting

Helical plc has secured a further letting at 90 Bartholomew Close

Management consulting firm Sia Partners has agreed a 10 year lease, with a five year break clause, for 7,564 sq ft across the 4th and 5th floors.

The rent is in line with other lettings agreed at the building this year.

The office accommodation at 90 Bartholomew Close totals 24,013 sq ft and the restaurant, at ground and lower ground, 6,414 sq ft. 18,620 sq ft (61%) of the building has now been let, with 11,807 sq ft remaining over the second, third and sixth floors. The second floor has recently been fitted out to Cat A and is available on flexible terms.

Sia Partners is an international management consulting firm, headquartered in Paris, that serves industries including banking, insurance, healthcare and retail. The group has offices in 15 countries and has over 1,200 consultants worldwide.

Oliver Rippier, Development Executive at Helical, said: “Sia Partners is a high-profile international business who further add to the diversity of tenants on the estate. The continued letting momentum at Barts Square, where we have let over 90,000 sq ft of office space in 2019 alone, shows that forward thinking occupiers appreciate the high-quality public realm, retail offer and unrivalled connectivity of the location.”

Helical was advised by Ingleby Trice and Gryphon Property Partners. Jarman & Co acted for Sia Partners.

Visit 90bc.co.uk for more information.

18/06/2019 20:22 by Buildington

Northridge, an independent law firm, is taking a 5-year lease on the first floor of 4,642 sq ft at 90 Bartholomew Close, at £75 per sq ft, reports Helical.

90 Bartholomew Close is a 6-storey, 24,500 sq ft Victorian office building that has recently undergone a complete refurbishment as part of the creation of the Barts Square estate, which is being developed by Helical.

19,371 sq ft of the building now remains over the second to sixth floors, ranging between 2,399 and 4,806 sq ft. Delivering Wired Score Gold and bike storage and showering facilities, the property provides contemporary, stylish office space to businesses attracted to the ambience as well as the estate’s convenient location.

Situated between St Paul’s and Smithfield, Barts Square is a 3.2 acre mixed use development comprising of 236 high-quality apartments, 250,000 sq ft of office space across three buildings, and 20,500 sq ft of new retail space.

Independent restaurant operators Wright and Bell, operating as Lino, recently opened to excellent critic reviews and have already established themselves as a popular addition to the estate. Stem + Glory and Halfcup will be launching soon.

Oliver Rippier, Development Executive at Helical, said: “We are pleased to welcome Northridge to the building and to the wider Barts Square estate. Barts Square continues to attract a high calibre of tenants, occupiers and purchasers as a result of its considered architecture, extensive public realm improvements and well-connected location in one of the oldest and most historic parts of the City of London.”

Helical was advised by Ingleby Trice and Gryphon Property Partners. Novum Office acted for Northridge.

28/01/2019 19:33 by Buildington

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