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Broadway House at 1-15 King Street.

Broadway House at 1-15 King Street.

October 2011
Broadway House in October 2011

Broadway House in October 2011

October 2011

One King Street

Address:
1-15 King Street, London W6 9HR
Type:
Mixed use
Area:
35,000 sq ft
Viewed:
5829

Description of One King Street

One King Street is an office building in the heart of Hammersmith, London W6.

Formerly known as Broadway House, the building was rebranded as One King Street after Helical Bar purchased the building in 2012.

Hammersmith Broadway Station is directly opposite One King Street.

2016 November - Orchard Street Investment Management completes the acquisition of One King Street for £34.5 million. The asset was acquired on behalf of Orchard Street UK Prime Property LP from Helical plc. The property has been extensively refurbished and re-let in recent years to provide 36,951 sq ft of high-quality office and retail space across six floors. The office element of the property, comprising 26,054 sq ft of lettable space, is arranged over five upper floors and fully let to four tenants with rents ranging from £32psf to £55psf.

2015 - It is a 35,000 sq ft building acquired in 2012 comprising 22,000 sq ft of offices and 13,000 sq ft of retail. Refurbishment of the fourth floor and the addition of the fifth floor of offices on top of the building completed in 2015, providing 3,500 sq ft of extra space.

In 2015 The fourth and fifth floors have been let to Orion Healthcare at a headline rent of £52.50 psf and £55.00 psf, a record rent for Hammersmith.

Connected Companies

Property Manager:
Lettings:

News: (3)

Hammersmith & Fulham Borough Council, who have been opposed to this regeneration project since the Council became Labour controlled, have exercised their option to terminate the development agreement, reports Helical plc.

Together with Grainger plc, Helical is now seeking to maximise the value of the land held by the joint venture company and are in discussions with the Council with the aim of reaching agreement on this sale.

Via Helical Plc Half Year Results for the Six Months to 30 September 2017 investis.com.

15/11/2017 08:56 by Buildington

Helical has sold One King Street to Orchard Street Investment Management UK for £34.5m, reflecting a net initial yield of 4.85%.

The sale price is in line with the March 2016 book value.

Helical bought the office building from receivers in 2012 and has since then enhanced the value through the refurbishment of the office space and adding an additional floor to the building to deliver 26,000 sq ft of offices with retail units on the ground floor.

The property is fully let to a range of tenants at rental levels that set a new benchmark for the Hammersmith market at the time of leasing.

Tom Anderson, Senior Investment Executive at Helical said: “Having delivered on our business plan to provide a good quality institutional grade investment, this had now become one of our more mature investments and we therefore took the opportunity to make this disposal, the proceeds of which will be recycled into our London development and refurbishment programme.”

Orchard Street was advised by Savills.

Source: Helical

21/11/2016 20:09 by Buildington

New in Buildington!

01/10/2011 20:27 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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