Description of One Fen Court
One Fen Court is a new 420,000 sq ft 15-storey office development in London EC3.
The scheme will provide ca 420,000 sq ft of Grade A office space over 13 floors, ca 27,000 sq ft retail space at the lower levels, a public passageway at street level and a publicly accessible roof garden.
Greycoat Core, a joint venture company set up by Thornton's Greycoat and Strickland's Core, was chosen ahead of a stellar field of developers. The site at 116-120 Fenchurch Street and 10-14 Fenchurch Avenue was granted consent in September 2008 for around 400,000 sq ft of office-based space in a 15-storey tower.
Generali controls the site through a mix of freeholds and leaseholds in a vehicle called Saxon Land, which it formed with Australian fund manager Babcock & Brown a decade ago. When Babcock & Brown collapsed in March 2009, Generali bought its stake out and sought a development manager.
Greycoat is acting as Development Manager on behalf of Generali, completing the site assembly, achieving a full planning consent, resolving third party matters, and negotiating a new Headlease and Development Agreement with the Clothworkers’ Company.
The building was pre-let to M&G for its new City of London HQ.
Completion to shell and core is scheduled for Q4 2017.
- Greycoat www.greycoat.co.uk