The Bonhill Building, London EC2 sold for £112.5 million

Capital Markets

Colliers advised LGIM Real Assets (Legal & General) on the sale


Colliers International’s London Capital Markets team, acting on behalf of LGIM Real Assets (Legal & General) has sold the freehold interest in The Bonhill Building, London EC2 to Mayfair Capital for £112.5 million, reflecting an initial yield of 5.12%. 

The sale follows the successful conclusion of an intensive asset management programme, through which Legal & General significantly improved the standard of the accommodation, level of occupier service and technology used by its tenants. Creating numerous asset management opportunities to increase the rental income and a longer term potential to add additional massing, subject to planning,” said Dominic Amey, Director & Head of City Capital Markets at Colliers International. “The Bonhill Building is extremely well located within the thriving tech city district close to Liverpool Street and Moorgate Stations, appealing to both traditional City occupiers and also the creative and tech industries more associated with the Shoreditch market.”

This prime freehold multi-let office building comprises 115,000 sq ft of grade-A offices, data centre, retail and ancillary accommodation arranged over lower ground, ground and six upper floors.  The Bonhill Building is fully let to seven tenants including Nexmo Limited, Iomart Group Plc and Crabtree & Evelyn at an average passing rent of £53.46 per sq ft overall.

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Dominic Amey

Head of City Investment

London - City

I am Director and Head of London City Capital Markets at Colliers International, specialising in the sale and acquisition of commercial property as well as providing development consultancy.

I joined Colliers International in 2003 as a member of the London Investment Department, specialising in London commercial property Investment, after leaving Cushman & Wakefield. With over 20 years experience of the Central London commercial property market, I have acted for numerous institutional investors including Aviva,  Aberdeen Asset Management, Legal & General and the Church Pension Fund, as well as overseas Soverign Wealth Funds, banks and property companies. I also have a wealth of experience acting on behalf of private investors from around the world.

 

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Charlotte Williams

Director of PR & Communications| UK & EMEA

London - West End

As Director of PR & Communications in the UK and EMEA I am responsible for:
• Developing and executing internal and external communications strategy for the UK and EMEA business.
• Developing and implementing tactical communications plans to build the brand and promote key messages across all media - print, broadcast and social
• Advising senior management on communications reputation management and developing a media engagement programme that supports key business lines.
• Media evaluation and reporting objectives, targets and successes across the business.
• Delivering strategic communications programmes for all our M&A activity

Managment:

  • Manage the UK in-house PR teams
  • Provide strategic direction to the PR teams acorss EMEA
  • For a year (2013/2014) I was Acting Head of EMEA Marketing & Communications (maternity leave cover)
  • I am a member of the EMEA Marketing Leadership and Global PR & Social teams
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