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40 Chancery Lane in October 2014.

40 Chancery Lane in October 2014.

27. October 2014
40 Chancery Lane construction site in October 2013.

40 Chancery Lane construction site in October 2013.

5. October 2013
40 Chancery Lane office development.

40 Chancery Lane office development.

5. October 2013
40 Chancery Lane development in October 2013.

40 Chancery Lane development in October 2013.

5. October 2013
View to 40 Chancery Lane development from Chancery Lane.

View to 40 Chancery Lane development from Chancery Lane.

5. October 2013
Considerate Constructors poster at 40 Chancery Lane.

Considerate Constructors poster at 40 Chancery Lane.

5. October 2013
40 Chancery Lane development.

40 Chancery Lane development.

5. October 2013
Screen capture of 40 Chancery Lane development on Derwent London's website www.derwentlondon.com

Screen capture of 40 Chancery Lane development on Derwent London's website www.derwentlondon.com

September 2012

40 Chancery Lane

Address:
40-45 Chancery Lane, London WC2A 1JQ
Type:
Commercial
Completion:
Summer 2015
Area:
102,000 sq ft
Offices:
1
Viewed:
9089

Description of 40 Chancery Lane

40 Chancery Lane is a seven-storey office building with 102,000 sq ft net of premium Grade A office space with retail at ground floor.

The project was designed to be highly sustainable and is on track to achieve a BRE Environmental Assessment Method (BREEAM) Excellent rating. Materials for the development will be sustainably sourced and the building will incorporate a number of features such as green roofs, fair faced concrete, chilled plasterboard ceilings, low energy lighting and presence detection.

The development includes high efficiency mechanical and electrical systems robust enough to accommodate future needs.

The project team included quantity surveyor, Davis Langdon, services engineers, ARUP, structural engineers, AKTII and architects, Bennetts Associates.

2017 - Saatchi & Saatchi moves in.
2014 February - 4,400 sq ft retail available.
2014 November - Offices and retail 96% pre-let
2015 July - completion

The office element, totalling 97,400 sq ft, was pre-let to Publicis Groupe in June 2013 at £5.7m pa with £65 psf on the top three floors.

Source:
- Morgan Sindall morgansindall.com
- Derwent London www.derwentlondon.com

Connected Companies

Developer:
Main Contractor:
Architect:
Property Fund:

News: (5)

Sale Agreed

Derwent London has exchanged contracts to sell its long leasehold interest in 40 Chancery Lane WC2

Derwent London is pleased to announce it has exchanged contracts to sell its long leasehold interest in 40 Chancery Lane WC2 to Deka Immobilien for a headline price of £121.3m. The 103,700 sq ft office and retail building is let to Publicis Groupe until July 2035, with a tenant break in July 2033, at a net income of £5.5m per annum. The sale price represents a net yield to the purchaser of 4.25%. The disposal price net of rental top-ups and costs is 3.8% above June 2019 book value.

40 Chancery Lane, designed by Bennetts Associates, provides eight floors of high quality offices, a retail unit of 4,400 sq ft and a new public courtyard that brings additional daylight into the office floors. The development was completed in 2015.

Paul Williams, Chief Executive at Derwent London, commented:
"The disposal of 40 Chancery Lane typifies Derwent London’s strategy of recycling mature assets. The proceeds will be reinvested into our substantial development programme as well as providing more headroom for new acquisitions and future pipeline projects.”

30/12/2019 13:50 by Buildington

40 Chancery Lane by Bennetts Associates has been shortlisted for the RIBA London Regional Award 2017!

The winners of this year’s RIBA London Regional Awards will be announced at an awards ceremony at the RIBA, 66 Portland Place, on Monday 22 May.

Visit www.architecture.com/riba to find out more about the awards.

05/04/2017 21:17 by Buildington

40 Chancery Lane WC2 (102,000 sq ft) - completed in early July 2015.

14/08/2015 23:44 by Buildington

40 Chancery Lane is 96% pre-let.

Source: First Quarter Business Update by Derwent London 7. May 2015 www.derwentlondon.com

07/05/2015 19:47 by Buildington

New photos!

05/10/2013 23:57 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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