Gerald Eve’s City agency team have been instructed by Swiss Re as sole agents to dispose of levels 12 and 13 of 30 St Mary Axe office tower.
The oofice space comprises 34,709 sq ft in total and benefits from a stunning high-quality fit-out. Amenities include access to the restaurant and lounge bar on levels 39 and 40, offering unrivalled panoramic views of the City. The location has great transport links with Liverpool Street, Fenchurch Street, Bank and Monument stations all within short walking distance.
Further details at www.geraldeve.com
25/08/2015 11:08 by Buildington
The Safra Group, controlled by Joseph Safra, and Deloitte, the receiver for the London property 30 St Mary Axe, today announced an agreement under which Safra will acquire 30 St. Mary Axe, a 180-meter office tower that is the second-tallest building in the City of London. Financial terms of the transaction were not disclosed.
Completed in 2004, 30 St Mary Axe, otherwise known as The Gherkin, provides highly flexible space and outstanding views of London. It is an iconic part of the London skyline, recognized around the world as a great achievement by noted architect Lord Norman Foster. It encompasses approximately 50,000 square meters of office space and its largest tenants are Swiss Re and Kirkland & Ellis.
Safra Group said, "The acquisition of 30 St Mary Axe is consistent with our real estate strategy of investing in properties that are truly special – at the best locations within great cities. While only ten years old, this building is already a London icon that is distinguished from others in the market, with excellent value growth potential. We intend to make the building even better and more desirable through active ownership that will lead to a range of enhancements that will benefit tenants."
10/11/2014 18:41 by Buildington
Savills and Deloitte Real Estate have been instructed to sell The Gherkin at 30 St Mary Axe following the appointment of Phil Bowers, Neville Kahn and Alex Adam of Deloitte LLP as the Joint Fixed Charge Receivers on the landmark office building.
Marketing of this iconic 505,000 sq ft (46,914 sq m) office building is about to commence with interest expected to come from all corners of the globe.
Designed by Lord Foster, the 40-storey skyscraper opened in 2004 and is currently multi-let to approximately 20 tenants including Swiss Re, Kirkland & Ellis International LLP and ION Trading.
Stephen Down, Head of Central London Investment at Savills, comments: “This is a prestigious appointment on what is a globally recognised landmark building, which sits in the heart of London’s business core. The Central London commercial property market has benefitted from improving market conditions over the course of the last few years. Not only have we witnessed a sustained appetite from international investors for assets in London but we have seen a substantial improvement in business growth and take up of office supply as the Capital’s economy continues to improve.”
Jamie Olley, Head of City Investment at Deloitte Real Estate, says: “The Gherkin is one of London’s famous landmark buildings and the most iconic office tower in the City’s skyline. For investors, this prime office property provides an attractive combination of stable and reversionary income with opportunities to add value via asset management. The property will appeal to a wide range of domestic and international investors and we are confident of maximising returns to the receivers and creditors.”
The latest London Office Crane Survey by Deloitte Real Estate shows office development has now been running at below average levels for five years, with 9.2m sq ft under construction across central London. This, combined with a clear rise in office take-up over the last 12 months, has resulted in availability falling to its lowest point since 2007, with 45% of space under construction already let.
According to Savills research, over the last five and a half years, Central London has seen £71.1 billion invested into the office and retail markets, with overseas investors accounting for £47.7 billion, equating to 67% of the overall volumes. The research notes that during this time period, investors from Asia Pacific represented 19% of total office and retail transactions, with European buyers accounting for 18%. US and Middle Eastern investors represented 13% and 10% respectively. The firm also highlights that UK institutions are another current key investor group in the Central London market having accounted for 23% of office transactional activity between January and May 2014, compared to just 10% during the same period in 2013.
29/07/2014 13:39 by Buildington
CBRE has been appointed to manage the Gherkin by landlord 30 St Mary Axe (Bermuda) LP, a joint venture between IVG EuroSelect 14, a closed-end fund managed by IVG Private Funds Management GmbH, and Evans Randall as one of the world’s most iconic commercial buildings approaches its ten year anniversary.
CBRE has won a competitive tender to manage the 48,000 sq m, 40 storey skyscraper which is home to Swiss Re and a host of other financial and professional services firms including US law firm Kirkland and Ellis and financial technology company ION Trading.
The building will be the latest addition to CBRE’s ‘Premier Properties’ programme, which already includes buildings across the globe such as the Shanghai Tower and the Iberdrola Tower in Bilbao and constitutes 20 million sq m in total. These assets – all exceptional in terms of size, design and quality – benefit from a unique service designed to enhance the value, and safeguard the brand, of iconic buildings.
CBRE will take responsibility for the day-to-day management and maintenance of the building, oversee all service procurement and liaise with the building’s 20 occupiers. In addition, CBRE will work with the landlord to improve the customer experience. The Gherkin was designed by world-renowned architect Foster and Partners and reached practical completion in December 2003, officially opening in April 2004.
David King, Chairman of Property and Asset Management UK at CBRE, said:
"This is unquestionably one of the world's most recognisable buildings, and one that has become synonymous with the City of London. It is imperative that the Gherkin continues to deliver occupiers with the quality of space, service and experience befitting such an iconic building through the next phase of its life cycle. We are extremely proud that IVG and Evans Randall has entrusted the management of the building to CBRE, and look forward to working with them.”
27/08/2013 14:50 by Buildington
Neil Sharman, head of research and analysis, Telegraph Media Group: "The Gherkin is plump and jolly - a monument to a time of plenty."
Read more from Newsline: We need a monument of hope in the age of the Shard http://mediatel.co.uk/newsline/2011/10/10/we-need-a-monument-of-hope-in-the-age-of-the-shard/
13/10/2011 17:30 by Buildington
IndigoVision’s integrated IP Video surveillance system has been deployed as part of a major security upgrade at one of London’s most iconic skyscrapers at 30 St Mary Axe.
The distributed and open architecture of IndigoVision’s IP Video system provides the ideal installation platform for the migration of legacy CCTV and the seamless integration with other security systems. Using this advanced capability a fully integrated surveillance, access control and intercom solution was implemented.
The new surveillance system replaced old analogue CCTV matrix and DVR equipment with a fully digital network solution using an IP-based distributed virtual matrix. This allows any component in the system to be located at any
point on the IP network, delivering a scalable and flexible solution that was a key factor in IndigoVision being chosen for the project. All of the original analogue fixed and PTZ cameras were reused and the migration was achieved without any disruption to building operations, an important consideration for a building of this type with diverse activity occurring 24/7.
IndigoVision’s ability to stream high-quality, fully synchronised audio across the network alongside the video, allowed an innovative video intercom system to be developed that records audio from existing intercom equipment with the appropriate video from nearby cameras.
The security of the video archive, through the use of a resilient and redundant recording solution, was another important factor for the building owners choosing IndigoVision. Video is recorded on 6 standalone IndigoVision Network Video Recorders (NVRs), with a 7th used as a failover backup. Should any NVR fail or be taken off-line for maintenance, the backup automatically starts recording in its place.
09/10/2011 01:11 by Buildington
Without the arrival of 30 St Mary Axe (Swiss Re’s headquarters in the City, familiarly known as “the Gherkin”), London might not have won the bid to host the Olympic Games in 2012. Norman Foster’s brilliantly conceived landmark tower finally moved the look of the City out of the 1970s and into the 21st century; that achievement reinforced London’s pitch that it would be able to regenerate Stratford, East London, into a successful Olympic venue and to present a truly modern games.
From: Architecture is frozen ambition in City A.M. http://www.cityam.com/special-supplements/architecture-frozen-ambition
11/07/2011 12:25 by Buildington
Past evidence suggests companies will pay more to rent space in landmark buildings. The owners of the Gherkin have managed consistently to charge rates above average for the City and its example has cemented enthusiasm from developers to hire so called “starchitects”.
Read the full article: Green light again for building in the City http://www.irishtimes.com/newspaper/finance/2011/0518/1224297222965.html
18/05/2011 10:31 by Buildington
If your event needs to make an impression, then hosting it at the iconic 40|30 Restaurant and Bar at the top of 30 St Mary Axe will be an experience that is hard to beat.
40|30 restaurant: searcys.co.uk/40-30-the-gherkin
15/02/2011 10:32 by Buildington