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One Threadneedle Street in the City of London.

One Threadneedle Street in the City of London.

Photo: SEB Asset Management 2012

One Threadneedle Street

Address:
1 Threadneedle Street, London EC2R 8AY
Type:
Commercial
Completion:
1992
Viewed:
10777

Description of One Threadneedle Street

One Threadneedle Street is a Grade A office space over 7 floors 48,575 sq ft in the City of London.

Specification:

- 4 pipe fan coil heating and cooling system to
perimeter areas
- 2 pipe fan coil cooling system to internal areas
- Fully accessible metal tiled suspended ceiling
- In the spirit of LG7 lighting
- 150mm Fully accessible raised access floor
- 2.65m Floor to ceiling height
- 1.2m Planning grid
- New high performance glazing throughout
- Revised facade configuration
- Three new 13 person passenger lifts
- One new goods/cycle lift
- New standby generator
- New core and reception configuration

A BREEAM rating of 'Very Good' is to be achieved under the BREEAM Offices 2008 scheme.

The following environmental benefits have been realised:

- Cycle storage facilities and showers provided
- Energy and water sub-metering per floor
- Water consumption minimising technology including leakage detection and sanitary supply shut off
- Low VOC (Volatile Organic Compound) finishes used throughout (paints, varnishes)
- Specification of materials and suppliers to minimise any potential negative effects on the environment, taking reference from the BRE 'Green Guide to Specification'.
- Recyclable waste storage area provided in the basement
- Over 75% of weight of non-hazardous construction waste will be diverted from landfill
- Building management system

Source: www.onethreadneedle.com Summer 2012

Connected Companies

Property Manager:

News & Comments: (2)

Buildington
2012/12/22 23:33

SEB Asset Management sells office property in the City of London after successful repositioning

SEB Asset Management sold One Threadneedle Street after a successful repositioning and the signing of a long-term lease. The property, which is part of the open-ended real estate fund SEB ImmoPortfolio Target Return Fund ‘s portfolio, underwent extensive revitalisation work in the period up to the end of July 2012 and has a total of 5,092 sqm of rental space. SEB Asset Management signed a 20-year lease without break options for the entire property in August 2012 with Nationwide Building Society. Exclusive sales negotiations were conducted with a prospective buyer. The new owner of the office building in London’s financial district is a client of Deutsche Bank. The selling price is GBP 63 million (approximately EUR 77 million) at 1,149 GBP per square feet. This represents a net initial yield for the buyer of 4.5%.

SEB Asset Management bought the Grade A property, which was built in 1992, in 2009. As part of the property’s complete renovation and repositioning in 2011/2012, all technical facilities were renewed and the layout of the individual storeys was redesigned, increasing the efficiency and flexibility of the space.

Source: SEB Asset Management

Buildington
2012/08/28 22:01

SEB Asset Management has let the entire One Threadneedle Street property in London’s financial district to Nationwide Building Society. The lease runs for 20 years. The property, part of the portfolio belonging to the SEB ImmoPortfolio Target Return Fund open-ended real estate fund, underwent extensive revitalisation work in the period up to the end of July 2012 and has a total of 5,077 sqm of rental space. Nationwide will use the building as its new UK headquarters and will open a new branch on the ground floor. Savills and CBRE acted as the agents during negotiations.

SEB Asset Management bought the Grade A property, which was built in 1992, in 2009. During the property’s complete renovation and repositioning in 2011/2012, all technical facilities were refurbished and the layout of the individual storeys was redesigned, increasing the efficiency and flexibility of the space. The preservation-worthy facade – a typical example of London architecture – was modernised in close cooperation with London’s public authorities. New windows, a reduction in the number of stylistic elements in the facade and changes to the interior all contribute to a light and airy, clear-cut design. Sustainability issues were a key focus in all construction measures, resulting in a “very good” BREEAM certificate.

SEB ImmoPortfolio Target Return Fund is an open-ended real estate fund with an international investment strategy. It is aimed at institutional investors and high net worth individuals. The Fund is invested in 49 properties in 13 countries.

Source: SEB Asset Management

*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.

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