Spectrum at 160 Old Street is a new office development in London EC1.
The existing 97,800 sq ft Royal Mail building is replaced by ca 161,000 sq ft of high-quality office space.
2013 April - The Great Ropemaker Partnership (“GRP”), a 50:50 Joint Venture between Great Portland Estates plc (“GPE”) and The BP Pension Fund acquires 148 Old Street, EC1 from The BP Pension Fund for £30.0 million, reflecting a capital value of £307 per sq. ft. and an initial yield to GRP of 6.93%.
The old building was a 97,807 sq. ft., office building arranged over lower ground, ground and six upper floors. It is held freehold and was let to Royal Mail Group Limited at a rent of £2.17 million per annum (£22.19 per sq. ft.) until 2020, with a rent review and tenant break option in May 2015.
Site & Location
The property sits on a site of 0.83 acres.
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.