Endurance Land and Henderson Park exchange on Athene Place

Endurance Land and Henderson Park have exchanged contracts to buy Athene Place in Mid Town from Commerz Real.

German fund manager Commerz instructed Savills and GM Real Estate to sell the leasehold interest in the 137,541 sq ft building at 66-73 Shoe Lane for £120m in June reflecting a yield of 5.75%.

The building, which provides office and retail space over basement, ground and eight upper floors, is held long leasehold at a peppercorn rent with an unexpired term of 135 years.

Deloitte occupies all of the office space on a lease that runs until March 2027, paying a rent of £38.64 per sq ft. The retail space is let to Caffe Nero and Balls Brothers.

The Cursitor Building for Sale

Aberdeen Asset Management and Endurance Land have instructed agents to sell the Cursitor Building, WC2, after completing a deal to lease the majority of the development to WeWork. Knight Frank has been appointed to seek offers in excess of £90m for the Midtown freehold. The price reflects a net initial yield of 4.5%. WeWork has […]

Read more

Endurance Land secure planning on Farrringdon car park

Endurance Land and partners Whitbread have secured planning permission for a mixed use redevelopment of the NCP car park on Farringdon Road in the London Borough of Islington. The planning consent presents the opportunity to demolish the existing multi storey car park to develop a part five, part six storey building comprising office, retail and […]

Read more

Experian signs with Endurance Land in SE1

Endurance Land and funds of Angelo, Gordon are pleased to announce the letting of two floors to credit rating firm Experian Ltd at 160 Blackfriars Road, SE1 The letting is the first major transaction in the building since the joint venture’s acquisition in 2016.  Experian decided to expand their London real estate portfolio adding to their […]

Read more