Viewing platform at Plumtree Court offering panoramic views over the City. Adjustable pedestals by Buzon.

Viewing platform at Plumtree Court offering panoramic views over the City. Adjustable pedestals by Buzon.

2019 Buzon buzonuk.com
Terrace under construction at Goldman Sachs headquarters/Plumtree Court. Adjustable pedestals by Buzon.

Terrace under construction at Goldman Sachs headquarters/Plumtree Court. Adjustable pedestals by Buzon.

2019
Goldman Sachs' headquarters at Plumtree Court in the City of London EC4.

Goldman Sachs' headquarters at Plumtree Court in the City of London EC4.

13.11.2020
Entrance to Plumtree Court on the corner of Stonecutter Street and Farringdon Street.

Entrance to Plumtree Court on the corner of Stonecutter Street and Farringdon Street.

13.11.2020
Plumtree Court on Stonecutter Street.

Plumtree Court on Stonecutter Street.

13.11.2020
Plumtree Court façade on Farringdon Street.

Plumtree Court façade on Farringdon Street.

13.11.2020
Looking up at Plumtree Court from Farringdon Street.

Looking up at Plumtree Court from Farringdon Street.

13.11.2020
Plumtree Court on Farringdon Street.

Plumtree Court on Farringdon Street.

13.11.2020
Ground level of Plumtree Court on Farringdon Street.

Ground level of Plumtree Court on Farringdon Street.

13.11.2020
Loading bay entrance for Plumtree Court on Plumtree Court. There is no access to Plumtree Court from Farringdon Street.

Loading bay entrance for Plumtree Court on Plumtree Court. There is no access to Plumtree Court from Farringdon Street.

13.11.2020
Plumtree Court office building on the corner of Shoe Lane and Stonecutter Court.

Plumtree Court office building on the corner of Shoe Lane and Stonecutter Court.

June 2019
1 New Fetter Lane and Plumtree Court office buildings on Shoe Lane.

1 New Fetter Lane and Plumtree Court office buildings on Shoe Lane.

June 2019
Plumtree Court on Stonecutter Street

Plumtree Court on Stonecutter Street

June 2019
Plumtree Court - Stonecutter Street facade detail.

Plumtree Court - Stonecutter Street facade detail.

June 2019
Plumtree Court - Stonecutter Street facade detail.

Plumtree Court - Stonecutter Street facade detail.

June 2019
Plumtree Court - Stonecutter Street elevation.

Plumtree Court - Stonecutter Street elevation.

June 2019
Plumtree Court Stonecutter Street facade

Plumtree Court Stonecutter Street facade

June 2019
Goldman Sachs' new headquarters on the corner of Stonecutter and Farringdon Street.

Goldman Sachs' new headquarters on the corner of Stonecutter and Farringdon Street.

June 2019
Plumtree Court - view from Farringdon Street.

Plumtree Court - view from Farringdon Street.

June 2019
The old Plumtree Court before it was demolished.

The old Plumtree Court before it was demolished.

14.01.2014
View to old Fleet Building on Farringdon Street from Holborn Viaduct.

View to old Fleet Building on Farringdon Street from Holborn Viaduct.

14.01.2014
Entrance to the old Fleet Building on Shoe Lane

Entrance to the old Fleet Building on Shoe Lane

October 19, 2011
The old Fleet Building in 2011.

The old Fleet Building in 2011.

October 19, 2011

Plumtree Court

Address:
25 Shoe Lane, London EC4A 4AU
Local Authority:
City of London
Type:
Commercial
Completion:
August 2019
Size:
826,008 sq ft
Offices:
1
Viewed:
31200

Description of Plumtree Court

Plumtree Court is Goldman Sachs head office building in London at 70 Farringdon Street and 25 Shoe Lane.

The new office building completed in 2019. The Site is bounded by Farringdon Street to the east, Plumtree Court to the north, Shoe Lane to the west and Stonecutter Street to the south.

Plumtree Court comprises 826,008 sq ft (76,739m2) of the highest specification office and ancillary accommodation arranged over basement, lower ground, mezzanine, ground, upper ground, eight upper workplace floors and a landscaped roof garden.

Plumtree Court is the new European headquarters of Goldman Sachs in London from mid-2019 when it took occupancy of the premises with a 25-year lease on the building with a break option after 20 years, and the ability for Goldman Sachs to extend the lease beyond the initial term.

The building is designed to achieve a BREEAM rating of Excellent.

Key features of the building include:
- Eight workplace floors
- Two floors of amenities including:
- Auditorium and Client Conference Centre
- Internal Conferencing
- Fitness Centre/Gym
- On-site Health Services and Childcare
- A large central atrium

Accessibility
- The main entrance on Shoe Lane is located on the upper ground level in the middle of the building. This is the main links to the site for visitors by bus, taxi and on foot.
- Additional entrance is on the corner of Stonecutter and Farringdon Street.
- Loading Bay is on Plumtree Court. No direct vehicle access from Farringdon Street.
- Utility access is on Shoe Lane.

History

Previously known as the Fleet Building.

2019 - Goldman Sachs International moves into the new hq building.

2018 August - The Goldman Sachs Group Inc. announces it has entered into a binding agreement for the sale and leaseback of Plumtree Court with Korea’s National Pension Service and Plumtree Court will be the new European headquarters of Goldman Sachs in London from mid-2019. As part of the agreement, Goldman Sachs will enter into a 25-year lease on the building with a break option after 20 years, and the ability for Goldman Sachs to extend the lease beyond the initial term. This transaction, which values Plumtree Court at £1,165 million, allows for the consolidation of the firm’s activities, currently located across three buildings, into one fully-serviced and sustainable location. The sale and leaseback of Plumtree Court is part of Goldman Sachs’ long-term global real estate strategy, enabling the firm to capitalise on the significant value it has created in developing a world-class building while securing a long-term occupation in a prime location. It follows the sale and leaseback of Goldman Sachs’ former headquarters on Fleet Street, Peterborough Court, in 2005.

2013 March - Planning permission for the redevelopment of the existing building to provide a new office building on a basement, lower ground, ground and nine upper floors with retained space for telecommunications equipment in the basement and associated car parking, servicing and access. City of London Local Planning Authority reference: 12/01225/FULEIA.

The site includes Fleet Building (40 Shoe Lane and 70 Farringdon Street) and Plumtree Court (42 Shoe Lane, 12 Plumtree Court and 57 Farringdon Street) London EC4A.

Neighbours
1 New Street Square - west
New Fetter Place - west

Connected Companies

Developer:
Main Contractor:
Products:
Structural Engineer:
Planning Consultant:
Transport Consultant:

Transport

The nearest tube, train and bus stations.
City Thameslink Rail Station
Thameslink
Fleet Street / City Thameslink - 1 min. walking / 23 metres
17, 341, 40, 63, N63

News: (4)

LaSalle has exchanged contracts on Plumtree Court (Fleet Building) on behalf of Korea’s National Pension Service.

The completion of the acquisition is set to take place in January 2019.

Plumtree Court is a landmark and extremely high-quality building and can be considered ultra-prime. It is very well located in the CBD and in an area which has undergone significant development in recent years attracting a diverse range of global occupiers including Amazon, Deloitte, BAML and JP Morgan. As such, the property has very strong fundamentals in terms of location, quality of build and long income potential.

Scott Kim, the Head of Global Real Estate at National Pension Service commented: “This is one of the finest office buildings in London which will be let to an exceptional tenant for 25 years. We are excited to re-enter into London market with this high-quality asset which is well-aligned with our defensive strategy and will be an excellent addition to our already strong core portfolio.”

Julian Agnew, CIO for the UK at LaSalle Investment Management, said: “We are very pleased to have acquired this prime asset in one of the best locations in London. Given our long term relationship with the client, we understand their investment priorities and as such are able to match this with assets which will provide long term, stable income return. We have seen continued interest in London for prime assets from overseas investors and our access to the local market, led by Gary Moore and his team, means that we are able to source assets which are in line with their strategy and are driven by long-term themes of demographics, technology, urbanisation and environmental change (DTU+E).”

Gary Moore, Head of International Accounts at LaSalle Investment Management, added: “This is a high-quality asset and a good strategic fit for our client. The acquisition was structured with a bespoke solution that enables us to generate enhanced gross returns from a core asset.”

The new building is comprised of 826,008 sq ft (76,739 sq m) of the highest specification office and ancillary accommodation arranged over basement, lower ground, mezzanine, ground, upper ground, eight upper workplace floors and a landscaped roof garden. Plumtree Court will be the new European headquarters of Goldman Sachs in London from mid-2019 when it is expected to take occupancy of the premises with a 25-year lease on the building with a break option after 20 years, and the ability for Goldman Sachs to extend the lease beyond the initial term.

LaSalle was advised by JLL on this acquisition.

24/08/2018 12:53 by Buildington

I was the Assistant Resident Engineer on the construction of Fleet Building on Farringdon Street in the late 1950's. At that time it was a major new development in the City of London and as a government building for Post Office telecommunications, it was designed and built by the Ministry of Works.
The basement construction entailed deep excavations with mass concrete retaining walls of between 6ft and 9ft thickness built in timber supported trenchworks. The concrete having 20% pulverised fuel ash PFA replacing an equivalent amont of cement to lower the temperature of hydration during curing, to reduce the risk of cracking, as the basement had no external waterproofing protection. During that construction phase, we exposed two mass burial pits of unknown origin in the central ares of the site and some of the original Fleet River wharfside brick built storage buildings with brick barrel vaulted roofs, alongside Farringdon Street on the SE side of the site. They were just clear of the new works and were left as found.

Ernest Marples, the Post Office Minister laid the foundation stone in the reception area on Farringdon Street in either 1958 or 1959. I was present. A large sealed tube was built in immediately under the foundation stone. It had examples of the telephone equipment in use at that time along with other artifacts and I think a newspaper. The building progressed to higher levels and I left the site in late 1959.
The Resident Engineer was a civil engineer Mr White, who had previously been engaged on the building of the experimental Ship Tank at Feltham. From memory, I think the contractor was Turriff.

10/01/2015 19:28 by

Nine Dorothy Annan ceramic panels on the Fleet Building have been granted Grade II listed status after English Heritage says the murals, which show telecommunications technology, are of “historic interest” to the telecoms industry. Read the full story in The Telegraph: http://www.telegraph.co.uk/finance/newsbysector/constructionandproperty/8909231/Rare-murals-hinder-Goldman-Sachs-expansion-in-London.html

24/11/2011 13:29 by Buildington

New in Buildington!

19/10/2011 16:18 by Buildington

*DISCLAIMER! 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.

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