British Land reports excellent leasing results at 100 Liverpool Street achieving rents 10%+ ahead of initial expectations. Only upper floors remaining with good demand.
Via British Land Full Year Results 2019 britishland.com.
16/05/2019 07:01 by Buildington
Milbank, the leading global law firm, has committed to over 70,000 sq. ft and Peel Hunt LLP, the UK independent corporate broking/advisory house, will take 40,000 sq. ft. at 100 Liverpool Street.
Over 60% of the office space has now exchanged or is under offer at the building.
Julian Stait, Co-Managing Partner of Milbank’s London office, commented: “We are thrilled to be moving to 100 Liverpool Street. The growth and success of our London practice is testament to our exceptional lawyers and culture of co-operation and collaboration. Cross-team working is part of our DNA and allows us to handle our clients’ most complex transactions and solve their most complex business challenges. We are looking forward to moving into exceptional space at 100 Liverpool Street which will further enhance our ability to exchange ideas and solve problems as a team.”
David Lockyer, Head of Broadgate, British Land added: “People want to work in vibrant and engaging neighbourhoods and we’re certainly delivering that at Broadgate. Our focus on creating a mixed-use destination continues to resonate with businesses and we’re delighted that Milbank, Peel Hunt and Product Madness (1 Finsbury Avenue) will join our diverse community of innovative and financial companies at Broadgate.”
Cushman & Wakefield acted for Milbank and Allsop acted for Peel Hunt. Broadgate JV were advised by CBRE and JLL.
19/03/2019 13:44 by Buildington
The cladding is now being installed at 100 Liverpool Street, reports Hopkins Architects.
Read more at hopkins.co.uk.
26/09/2018 14:08 by Buildington
British Land reports good progress at 100 Liverpool Street.
They have already pre-let 37% of the office space to SMBCE and are seeing good interest on the 90,000 sq ft of retail
Source: British Land Company plc Full Year Results 2018, year ended 31 March 2018 britishland.com.
17/05/2018 09:28 by Buildington
British Land has let 161,000 sq ft at the 100 Liverpool Street redevelopment to Sumitomo Mitsui Banking Corporation Europe Limited (“SMBCE”). SMBCE is a subsidiary of Sumitomo Mitsui Banking Corporation, which is one of Japan’s leading banks. It will take the first three floors of the building on a 20-year lease.
SMBCE’s letting represents 37% of 100 Liverpool Street’s office space. The remaining 5 upper floors range from 20,000 to 60,000 sq ft, each with terraces of up to 10,000 sq ft with views over London.
Tim Roberts, Head of Offices, British Land commented: “SMBCE’s decision to invest in Broadgate for the long term is not only a strong endorsement of London as a global city which remains attractive to international organisations as a place to do business, but of the wider campus and 100 Liverpool Street.
“This building will be a new benchmark for London offices. With its innovative design, high-quality office space and significant retail and food & beverage offer, as well as being the smartest, best-connected building in London, 100 Liverpool Street will be instrumental in Broadgate’s evolution into a world-class, seven day a week destination. The building is an excellent example of how we add value through investing in our existing buildings and the spaces between them.”
This letting to SMBCE is the most recent in a series of commitments from across a range of occupiers at Broadgate, including cybersecurity and data management company Mimecast, which is taking 79,000 sq ft at 1 FA (currently undergoing a major refurbishment). At 2FA, a hub of smaller, innovative businesses, attracted to the Broadgate offer and its proximity to the tech, creative and financial neighbourhoods of Old Street, Shoreditch and the City, is developing. British Land’s Storey flexible workspace brand is proving popular at 2FA, and Starling Bank and Innovate Finance have also recently taken space in the building.
14/02/2018 06:36 by Buildington
Development update from Hopkins Architects - Following the partial demolition of the existing frame the form of the new building is starting to emerge.
The re-engineering of the existing building structure the carbon footprint is vastly reduced and will contribute to the anticipated BREEAM Excellent rating.
Read more at hopkins.co.uk.
13/02/2018 07:34 by Buildington
37% of the office space at 100 Liverpool Street is currently under offer to a single occupier, reports British Land.
The building, which will open soon after Crossrail services begin running through neighbouring Liverpool Street Station, will bring 90,000 sq ft of retail and restaurants to Broadgate as well as 430,000 sq ft of office space. The floors are highly divisible, catering for businesses of various sizes.
Source: British Land Company plc Half Year 2017/18 Results.
16/11/2017 12:50 by Buildington
Enabling works have commenced on the redevelopment of 100 Liverpool Street, reports British Land.
Source: British Land third quarter trading update published 19.01.2017
19/01/2017 11:22 by Buildington
100 Liverpool Street commercial development adjacent to Liverpool Street Station in London EC2 - new on Buildington!
18/12/2016 10:58 by Buildington