

The prominent corner property, opposite our successful Angel Building, was acquired for £75m before costs in Q4 2014 and consists of three multi-let connected buildings around a central courtyard. It was acquired with an income of £2.4m pa, equivalent to an average rent of £19 per sq ft. The majority of the leases expired in March 2015, but we swiftly re-let 98,300 sq ft to Expedia and The Office Group, and the property is now fully let at a rent of £4.7m pa.
Studies are underway for a rolling refurbishment of the property.
- Village
- Islington
- Type
- Offices
- Size
- 126,200 sq ft
(11,720 sq m) - Value
- £50 - £100 million
- Agents
James Andrew International
020 3141 6601
lmoran@jamesandrew.co.uk
hblanshard@jamesandrew.co.uk
Colliers International
020 7101 2020
shaun.simons@colliers.com
oliver.jay@colliers.com
alexander.howarth@colliers.com
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