Description of 158-164 Bishopsgate
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.
- Henderson www.henderson.com