Member Article

City of London Corporation to acquire office development near Leadenhall Market

The City of London Corporation is to forward-purchase a private Asian overseas investors’ and Aldgate Developments’ proposed new office and retail development adjoining the City’s Leadenhall Market and close to Lloyds.

The building will comprise 35,000 sq ft of offices, including upper floor terraces and ground floor retail accommodation of 2,700 sq ft. Completion is timed for the end of 2016.

Shaun Gorvin of GS Capital Advisors, who acted for the developers, commented: “Our clients are delighted to be partnering with the City to create superb new offices in this wonderful location.”

Michael Cassidy, Chairman of the Property Investment Board at the elected City of London Corporation, said “This will be another example of the City actively providing smaller-scale new office space above new shops in the centre of our business district. This will form a fresh gateway to Leadenhall Market and we look forward to its completion.”

The City were advised by CBRE.

This was posted in Bdaily's Members' News section by Ellen Forster .