21
MKS / MAY 2015
PORTFOLIO REVIEW
Speculative redevelopment
of 1970s office building
(35,800 sq ft), to create a
top quality City HQ building
(58,000 sq ft) in a prime location
Enabling stripout works commenced
Completion by mid 2018
ERV (net of GR
1
): circa £3.2m pa
»
»
Build cost (inc fees): circa £30m
»
»
Detailed design ongoing
»
»
Contractor selection completed
»
»
Contact negotiation being finalised
»
»
Third party approvals ongoing
Development: 30 Lombard Street, London EC3
1. Ground rent
