Stanhope plc and partner Mitsui Fudosan have completed a major letting at Angel Court to international financial services group Prudential plc.
The company joins Petrobras Europe Limited (PEL), Delphi Technologies and ConocoPhillips, who have all relocated their headquarters to the building.
Prudential will sign for 60,000 sq ft of space on a long-term lease, taking Angel Court to over 80 per cent let, within 12 months of completion.
The tower building, designed by Fletcher Priest Architects, is now home to a hugely varied tenant line-up with sectors including financial services, healthcare, consultancy and transport. Renowned restaurants Coya and Temper are housed on the ground floor, cementing the scheme’s reputation as a highly sought-after office destination within Central London.
David Camp, Chief Executive of Stanhope plc, commented:
“Angel Court’s attractive design, unrivalled location and comprehensive leisure offer have enabled us to drive significant momentum within the occupier market over the last year. This latest deal confirms the building’s position as a true headquarter hub in the heart of the city and we are confident that we will continue to substantial interest over the rest of this year.”
A hugely significant building for the City occupier market, Angel Court was one of only two towers to complete in the Square Mile in 2017. Boasting uninterrupted 360-degree views of the City skyline, the scheme provides high quality office space in the heart of the City of London. The last remaining floors range between 4,300 sq ft and 8,800 sq ft and offer an unrivalled location next to the Bank of England.
In November 2017 the launch of a Wi-Fi enabled communal business lounge and 7,000 sq ft garden terrace on the seventh floor was announced. The lounge is the first of its kind and houses a café serving food and drinks available for all occupiers to use during normal working hours, as well as providing modern communal workspace and access to the large south-facing garden.
26/03/2018 11:13 by Buildington
Three new office lettings were confirmed at Angel Court in April, occupying more than 90,000 sq ft. They include Bupa, the international health and care company, a new financial services trade association and Chinese commercial bank, Shanghai Pudong Development Bank.
Bupa has signed for 56,000 sq ft over a 15-year term on Angel Court’s lower floors. They will move their headquarters from its existing premises in Holborn by the end of the year 2017.
The financial services trade association, which comprises of six member organisations from across the UK is yet to be named and has taken 25,000 sq ft on the fifth floor. The new trade body will bring together the Asset Based Finance Association (ABFA), British Bankers’ Association (BBA), Council of Mortgage Lenders (CML), Financial Fraud Action UK (FFA UK), Payments UK and the UK Cards Association (UKCA) who will benefit from the building’s unique location in the heart of London’s financial district and next to the Bank of England. They will occupy the new space in July 2017.
The third new occupier will be Shanghai Pudong Development Bank, who has signed for 9,000 sq ft on a 10 year term. They will be based on the 19th floor, one of the 18 upper ‘sky floors’ which boasts 360 degree views of the London skyline.
Eiichiro Onozawa, Managing Director of Mitsui Fudosan (UK) Ltd, commented: “These significant first lettings at Angel Court are a clear testament to the attractive, high quality accommodation we have delivered in the heart of one of the world’s most competitive and high-profile business centres. This building demonstrates our commitment over the long term to invest in and develop prime schemes across London, which cater to the evolving occupier market and set the bar for all developments which follow.”
David Camp, Chief Executive of Stanhope plc, said: “Our partnership with Mitsui Fudosan UK continues to flourish, and has delivered another best-in-class scheme that will meet the needs of all our significant new occupiers and their employees. We look forward to welcoming them to this landmark new office space later this year, in addition to welcoming our neighbours and the wider public to enjoy the scheme’s superb dining and leisure offer.”
13/05/2017 06:16 by Buildington
Waterman team worked closely with Mitsui Fudosan UK and development partner Stanhope Plc, in their role as the multidiscipline engineer providing MEP, structures, civil and environmental consultancy services.
Waterman’s Director Mark Terndrup, commented; “We are very proud to have been involved in this prestigious scheme right from its inception in 2010. The completion and opening is a tremendous milestone for our multidisciplinary engineering and environmental teams. We worked closely with Fletcher Priest Architects throughout to provide sustainable and innovative solutions which have made this an exemplary project, one of the first London City commercial offices to secure a BREEAM 2014 Excellent Design Stage Assessment. Angel Court offers great flexibility for tenants and can accommodate a variety of technical requirements.”
The Grade A office space offers large floor plates throughout and benefits from a number of terraces and outdoor spaces. Sustainability has been the key priority for the design of Angel Court with high-performance standards reducing both energy and water consumption. These initiatives resulted in predicted carbon emissions being 35% less than building regulations, achieving an EPC A rating and a 50% reduction in anticipated water use through grey and rain water harvesting. In addition, approximately 60% of the existing foundations have been recycled which reduced the overall programme delivery and carbon footprint of the development.
Waterman Group www.watermangroup.com
25/02/2017 09:17 by Buildington
The construction of One Angel Court project was completed by Mace today 23rd February 2017.
Mace was the construction manager and principle contractor on the £125m commercial office project to revamp a seventies office tower for developer Stanhope.
Appointed in 2014, Mace has achieved BREEAM “Excellent” rating, diverted 96% of waste generated by demolition away from landfill and has added 6 floors onto the existing 21-storey tower.
After a complete overhaul, the building now stands at 27 storeys and its floor space has been increased from 18,000 sq m to 28,000 sq m, maximising rentable space for the client.
The building was stripped back to its core and then reclad with floor to ceiling glazing. The impressive glass building is squeezed into the city surrounded by period architecture, including the Bank of England, creating a modern mix of old and new.
To enable upper podium floors to be let as office space and create feature roof gardens, mechanical and electrical plant from the seventh storey was moved to the basement. As the plant required greater height than the office floors, Mace fixed all 27 new floors above them at different levels from the floors in the original building.
Steel beams and columns used for the building’s construction were up to 12m long and had to be delivered separately and lifted into position one at a time. So that the drivers delivering the beams could safely navigate the narrow streets surrounding the site they were trained on a practice track using a video representation of the road layout.
To minimise noise for the development’s neighbours, Mace came up with an innovative solution and suspended acoustic screens around the site’s perimeter instead of using secondary glazing. This saved costs and reduced discomfort for the surrounding neighbours.
Mace’s fit out specialists, Como, also shared equipment and logistics from the hoists and cranes to the site’s security and booking procedures during the first stage of fit out. This allowed Mace and Como to overlap on the final stages of construction work, saving the client time and money.
Como’s work included installing all new suspended and plasterboard ceilings with exquisite details in the octagonal tower and new raised access floors across the 28 sq m of office space. Mechanical, Electrical and Plumbing (MEP) services included life safety systems, almost 50,000m of pipework for the air conditioning systems, installation of over 5,000 separate light fittings and more than 70km of cables.
Mace’s Paul Dalton, Project Director at One Angel Court, commented: “It’s such a pleasure to see the new building come to life in the city. This project has been a significant logistical challenge being placed right in the middle of the hustle and bustle of London but it was worth it. The team here have done a fantastic job and we have improved what was once here, increasing usable space and making the building into a place where people want to spend time. This is what it’s all about.”
Como’s Paul Mynard, Senior Project Manager at One Angel Court, addd: “On a normal project of this size you wouldn’t get this sort of advance fit out activity happening while the shell and core contractors are still on site. Como’s site team has worked hard to integrate fit out operations into the shell and core programme to deliver a top quality building. This joined-up approach makes the transition so easy and smooth; it’s been a great project to be involved with.”
23/02/2017 12:55 by Buildington
Angel Court will be taking part in a new pilot programme which employs the principles of the NABERS (National Australian Build Environmental Rating System) scheme, the new development leading the world in providing high performance prime office space, reports Waterman.
Australia’s NABERs office energy rating scheme targets the in-use energy performance throughout the development process which is then verified by an investment-grade rating using 12 months of metered data. These ratings have been particularly successful for so-called Base Building services in large rented offices, typically under control of the landlord. The analysis of Angel Court follows the feasibility study, published on 24 May 2016, which confirmed whether NABERS-style Commitment Agreements could work in the UK.
The 18-month pilot is led by Robert Cohen from Verco Advisory Services and supported by Bill Bordass from the Usable Buildings Trust. Our Building Services teams in London and Australia have been appointed to test a ‘Design for Performance’ approach in UK prime rented office developments, validating a building’s energy consumption compared to that declared at Design stage. Our certified NABERS assessors in Australia will be reviewing the project thermal modelling and providing a performance rating for the development in advance of occupation, as well as providing input on ‘lessons learnt’ when handing over and monitoring buildings in use.
Waterman’s Director Mark Terndrup said: “This pilot means that office buildings across the UK can achieve more accurate predictions of thermal models which has historically been a challenge. Differentiating Base Building energy use from that used by occupiers has provided a focus for stakeholders in Australia and has allowed the market to drive improvement. We are convinced the same potential exists for the UK market place.”
Angel Court was designed by Fletcher Priest Architects with MEP, Structural and Environmental multidisciplinary services provided by Waterman Group.
30/01/2017 23:12 by Buildington
Stanhope and Mitsui Fudosan have signed lease agreements with three prominent food and beverage brands at Angel Court, which is due to complete in December this year.
Peruvian restaurant, Coya, who specialize in South American cuisine have signed for 4,500 sq. ft. of bar and restaurant on the ground floor of the building. The Natural Kitchen, founded on Marylebone High Street in 2007 which will supply a freshly prepared, all-day food and drink offering have taken 6,000 sq. ft. in the Copthall Avenue unit. In addition, speciality coffee, food and wine company Notes has agreed a deal for 1,500 sq. ft. next to the building’s reception where they will serve their high quality coffee during the day and an in the evenings customers can enjoy their inspired wine list and local craft beers.
Commenting on the lettings, David Camp, Chief Executive of Stanhope plc, said: “We are well on track to delivering a striking new landmark building which will provide much needed quality, flexible and modern office space to the City market by the end of the year. With working habits changing significantly over the last 20 years, it is vital for us to complement this office accommodation with a varied leisure offer and we are confident that the highly popular operators we have signed will do just that.”
04/11/2016 08:15 by Buildington
Mitsui Fudosan UK and Stanhope plc have confirmed lettings with three major food and beverage brands at Angel Court.
Modern Peruvian restaurant Coya has signed for 4,500 sq ft of bar and restaurant space in the southern-most section of the scheme's ground floor, whilst The Natural Kitchen has completed a deal for 6,000 sq ft in the Copthall Avenue unit, across the building's ground and lower floors. Speciality coffee, food and wine company Notes has also signed for 1,500 sq ft in the unit to the south of the building's reception.
Alongside the delivery of significant office accommodation, Angel Court is set to rejuvenate the surrounding streetscape by improving the existing retail and leisure offer for the area's workers and visitors. The three lettings represent a major milestone for the scheme, introducing a mix of highly sought-after brands offering alfresco dining to the neighbourhood for the first time.
The deal agreed with Coya will see the brand open only its second site in the UK, showcasing its unique range of South American dishes and drinks in the City for the first time. The operator already has established and successful sites in Mayfair, Miami and Dubai.
The Natural Kitchen, which was first founded on Marylebone High Street in 2007, will provide a varied all-day offer for consumers, serving a range of healthy, freshly prepared food and drinks. Angel Court will be The Natural Kitchen's eighth site in London.
As a result of the letting, Notes will open its eighth store in London, with other locations including King Cross, Trafalgar Square, Canary Wharf and the Gherkin. Notes is a well-known speciality coffee shop and wine bar in the capital, serving over one million cups of coffee annually. In the evenings customers can enjoy an inspired wine list from around the world, alongside local craft beers.
The 24-storey Angel Court is located in the heart of London's financial district and next to the Bank of England and will provide high-quality office accommodation alongside the scheme's retail and dining offer. The building is one of only two office schemes set to complete in the City this year. The sky floors offer floorplates of 9,000 sq ft and boast uninterrupted 360-degree views of the London skyline. The garden floors range from 18,000-26,000 sq ft and benefit from a number of terraces.
Commenting on the deals, Eiichiro Onozawa, Managing Director of Mitsui Fudosan (UK) Ltd, said:
"An important part of our strategy at Angel Court has always been to create a genuine sense of place at the scheme through the strength of our food and beverage offer. By signing three hugely popular brands, we are confident that we are not only delivering a vibrant and exciting environment for our future office occupiers, but also the wider area as a whole."
David Camp, Chief Executive of Stanhope plc, added:
"We are well on track to delivering a striking new landmark building which will provide much needed quality, flexible and modern office space to the City market by the end of the year. With working habits changing significantly over the last 20 years, it is vital for us to complement this office accommodation with a varied leisure offer and we are confident that the highly popular operators we have signed will do just that."
Angel Court, which is expected to complete in December 2016, has been designed by Fletcher Priest Architects who sought to create a sustainable, urban workplace in the form of a light, bright, glass tower. The design focused on creating large floorplates across the 'Garden' floor and unique panoramic views across the Bank conservation areas on the 'Sky' floors.
Nash Bond acted for Mitsui Fudosan UK and Stanhope. JLL London Unlimited acted for The Natural Kitchen and Dean Gambles and Company acted for Coya.
19/10/2016 21:23 by Buildington
Como has been chosen to deliver the Cat A fit out of the 24 floors of One Angel Court.
Starting onsite this month, Como’s work includes architecturally, the installation of all new suspended and plasterboard ceilings with some fantastic details in the octagonal tower and new raised access floors across the 300,000 sq.ft. of office space. MEP services include life safety and air conditioning systems as well as installing over 5,000 separate light fittings and more than 70km of cabling!
Mace was appointed construction manager for the project in 2014 to deliver the redevelopment of the 1970s office building, which has included stripping back the octagonal tower to its core, with the building then reclad with floor to ceiling glazing.
Como’s appointment builds on its already strong relationship with Stanhope, following their recent completion of the developer’s new HQ at 100 New Oxford Street, as well as benefitting from the in-house expertise of the Mace team already onsite.
Trevor Bacon, Business Unit Director at Como, said: ”This is a fantastic win for Como and allows us to build on our relationshp with Stanhope, as well as the great work Mace is already doing at One Angel Court. I’m deligted we’re working on such a highly anticipated development.”
The completed development will see a spectacular double height entrance over 9,000 sq ft and will provide c. 300,000 sq. ft. of high quality office accommodation, including 6 ‘Garden’ and 18 ‘Sky’ floors with a total of 5 terraces, enhanced ground floor retail and public realm.
30/06/2016 13:49 by Buildington
Mitsui Fudosan UK Ltd (‘Mitsui Fudosan’) and development partner Stanhope plc have appointed DTZ to market Angel Court, Bank.
Angel Court is one of very few prime, City office developments currently under construction and is scheduled to complete in Q3 2016. DTZ joins existing agents GM Real Estate in marketing the 300,000 sq ft mixed-use Angel Court. The scheme, which occupies a unique core City location next to the Bank of England, is set to provide over 24 storeys of high quality office accommodation, alongside retail space, within the heart of London’s financial district. Steelwork has now commenced onsite, whilst construction of the building’s northern core, which is now visible, continues to progress swiftly.
Benefitting from excellent transport connectivity alongside 360 degree uninterrupted views of the London skyline from the building’s upper Sky floors, Angel Court is expected to generate significant occupier interest. The scheme is at the forefront of a new office accommodation trend to fully maximise potential floorplate space through a flexible and progressive layout design. The new building will provide significantly larger floorplates than those in the previous building on the site, with Garden floors offering an average floorspace of 25,000 sq ft and Sky floors an average of 9,000 sq ft of floorspace. Tim Plumbe, Senior Director, DTZ commented: “As one of the very few prime City office developments being delivered in 2016, Angel Court offers occupiers exceptional quality in a fantastic location. It is one of the market’s most significant leasing mandates this year and we are delighted to have won it.”
Hideto Yamada, Managing Director of Mitsui Fudosan (UK) Ltd, commented: “The appointment of DTZ demonstrates our appetite to further showcase this outstanding scheme and highlight the quality and flexibility of Angel Court to prospective occupiers before the scheme opens next year. As we continue to work with Stanhope to deliver this prime City development, we are confident that DTZ and GM Real Estate are excellently placed to pool their expertise and knowledge in order to generate significant occupier interest.” David Camp, Chief Executive of Stanhope plc, said: “With work at Angel Court now progressing at pace, we remain committed to delivering an exceptional scheme which will meet occupiers’ demands and revitalise the surrounding area. Our substantial experience of delivering office schemes in the City of London, in addition to our proven partnership with Mitsui Fudosan, ensures that we are confident Angel Court will set a new benchmark for high quality and efficient space in the heart of the City.” The scheme is also set to renew and connect the surrounding streetscape by significantly expanding the existing public realm area by introducing retail outlets, restaurants, eateries and al fresco dining to the piazza for the first time.
- See more at: www.dtz.com
05/06/2015 20:50 by Buildington
Mitsui Fudosan UK and Stanhope have purchased One Angel Court, EC2, from U.S. financial services organisation TIAA-CREF.
The 200,000 sqft 21 storey office tower has planning permission for an extensive redevelopment.
The acquisition of One Angel Court follows a string of key investments in Central London, including the recent purchase of Television Centre in White City.
David Camp, Chief Executive of Stanhope, said:
'The partnership between Mitsui Fudosan and Stanhope goes from strength to strength and this latest acquisition gives us another blue chip asset and redevelopment opportunity in a prime location in the heart of the City. The City of London will increasingly be a market with a limited supply of high quality office buildings and cumulative demand. One Angel Court, once redeveloped, will be a high quality and sustainable addition to the
skyline with great views across London.”
Source: Stanhope www.stanhopeplc.com
18/07/2013 19:35 by Buildington