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The Cursitor Building website in August 2017; screen capture of the Gallery page at iamcursitor.com

The Cursitor Building website in August 2017; screen capture of the Gallery page at iamcursitor.com

16.8.2017

Cursitor Building

Address:
35-38 Chancery Lane, London WC2A 1LF
Type:
Commercial
Completion:
May 2017
Area:
65638 sq ft
Viewed:
1252

Description of Cursitor Building

The Cursitor Building is an office building on Chancery Lane in London Midtown WC2.

The contemporary Grade A space development consists of a refurbishment of the existing structure at 38 Chancery Lane. The existing façade has been removed and replaced with a modern Portland stone and glass façade to the majority of the building.

The main office entrance occupies a prominent position on the corner of Chancery Lane and Cursitor Street.

Vehicle and bicycle access via the goods lift or secondary staircase at the east end of the building on Cursitor Street.

AMENITIES
- Two roof terraces
- 78 bicycle spaces

VISITING
The nearest train station is Chancery Lane.

HISTORY
2017 November - Aberdeen Asset Management and Endurance Land instruct Knight Frank to sell the building after it is fully let.
August - Completion the first lettings at The Cursitor Building.

A leading law firm takes a 10-year lease on a 6,049 sq ft sixth floor at a rent which equates to £72 per sq ft.

On the ground and lower ground floor health assessment specialists, Preventicum – London Centre of Preventive Medicine, has taken a 15-year lease on a total of 10,812 sq ft of space at an annual rent which reflects £66 per sq ft on the best office space.

Pure Sports Medicine – a sports injury and rehabilitation clinic takes the retail unit on the ground and lower ground floors on a 10-year lease at a total annual rent of £150,000.

2017 March - office building is launched to the market.

Connected Companies

Architect:
Developer:
Lettings:
Sales:

Buildington Rating & Notes

News & Comments: (2)

Buildington
2018/08/28 16:32

Deka Immobilien GmbH has bought the Cursitor Building from Aberdeen Standard for £86m.

With the acquisition of this high-quality office building in a prominent location, the fund management team is expanding the portfolio of Deka-ImmobilienGlobal in the United Kingdom to three properties, each located in London's core locations.

CBRE and Savills advised the buyer on this transaction.

Buildington
2017/11/29 17:33

Aberdeen Asset Management and Endurance Land have instructed Knight Frank to sell the Cursitor Building after completing a deal to lease the majority of the development to WeWork.

Offers in excess of £90m are expected. The price reflects a net initial yield of 4.5%.

WeWork has leased the first to fifth floors at the 65,638 sq ft office block. The serviced office provider has taken a total of 49,212 sq ft on a 20-year lease at an overall rent of £63.50 per sq ft.

The building is now fully let to five tenants within six months of practical completion. It has a passing rent of £4.3m per annum, reflecting £58.64 per sq ft overall.

Read more: Endurance Land enduranceland.com

*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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