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268 - 270 High Holborn BT exchange station building

268 - 270 High Holborn BT exchange station building

27. October 2014

"British Telecommunications plc" sign at 268 - 270 High Holborn

27. October 2014

268 - 270 High Holborn

Address:
268 - 270 High Holborn, London WC1V 7EE
Type:
Commercial
Completion:
1927
Area:
67,800 sq ft
Offices:
1
Viewed:
1641

Description of 268 - 270 High Holborn

268 - 270 High Holborn is a commercial building in London WC1.

BT telephone exchange station.

The six-storey property is a purpose built telephone exchange with ancillary archive, storage and office accommodation totalling 67,800 sq. ft. (6,299 sq. m.) on a half acre site. It is let in its entirety to BT plc for an initial term of 30 years, expiring in 2031.

BT are utilising vacated operational space at this specific Telephone Exchange and are due to submit a change of use application to fit-out the 1st, 2nd and 4th floors as offices, with the intention of BT reoccupying the entire building and moving 250+ personnel back into the building.

The main part of the building fronting High Holborn was originally constructed in 1927. A five-storey rear extension was added in 1961 and interlinks with the main building at the basement, ground and three upper floor levels. The structure of the original building and extension is reinforced concrete, with a decorative Portland stone façade.

Transport
The nearest tube station is Holborn.

History
2016 February - Telereal Trillium completes the sale of 268 - 270 High Holborn to a UK Pension Fund for £42.7m, reflecting a Net Initial Yield of 3.4% and a capital value of £630 per sq. ft. Telereal Trillium acquired the property in 2001 as part of its strategic property partnership with BT plc. Graham Edwards, CEO at Telereal Trillium said: “Telereal Trillium always looks to add value for ourselves and our partners. By working with BT, we were able re-gear this lease and thereby create an investment that is attractive to institutional purchasers.” Farebrother were the selling agents. Finn & Co and Savills acted for the Purchaser.

Connected Companies

Sales:

News: (1)

268-270 High Holborn building in London Midtown WC1 - new on Buildington!

09/09/2017 11:00 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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