158-164 Bishopsgate

EC2M
Commercial

Key Details

Address
158-164 Bishopsgate, London EC2M 4LN

Overview

158-164 Bishopsgate is a commercial building opposite Liverpool Street Station in the City of London EC2.

Formerly a Victorian fire station, the 45,634 sq ft space was redeveloped in 1998, with a further office refurbishment in 2011.

- The multi-let space is held on a long lease from the Goldsmiths' Company with 156 years remaining at a gearing of 10.5%. Approximately 60% of the income comes from a retail unit on the ground and basement floors which are leased to Tesco for a further 10 years. (Source: Hendersons, 2014)

January 2014 - On behalf of its German joint venture, Warburg-Henderson, Henderson Global Investors completed the sale of 158-164 Bishopsgate to UBS Global Asset Management for £29.25 million, reflecting a net initial yield of 4.94%. Henderson was advised by Deloitte Real Estate and UBS Global Asset Management was advised by Oxygen Asset Management.

Sources:
- Henderson www.henderson.com

Site & Location

Transport

OVERGROUND
London Liverpool Street Rail StationLondon-overground
NATIONAL-RAIL
London Liverpool Street Rail StationC2c, Greater-anglia
BUS
Liverpool Street Station149, 35, 388, 47, 135, 205, 26, 78, 8, N205, N26, N8, 11, 42, N11, N242

Team

Company
Type
Year

Timeline

News, events, milestones and offers from the new development
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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.