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160 Aldersgate, London

Creation of a “trophy” headquarters office following full refurbishment, pre-leased to a leading international law firm.

  • Comprehensive refurbishment of a City of London office building into a 217,000 sq ft trophy headquarters for an international law firm.
  • Centrally located in a highly desirable submarket that had historically priced at a premium to surrounding submarkets.
  • Acquired through a consensual bank-led process following a CMBS default, requiring multiple approvals and highly complicated transaction structuring.
  • Completed refurbishment at low all-in cost, significantly below long-term pricing.
  • “Back-to-frame” refurbishment included replacement of the façade and MEP services, insertion of an atrium and reconfiguration of the entrance.
  • Sold to Union Investment in November 2017 with a 20-year lease to the occupier.
160 Aldersgate Castleforge exterior
160 Aldersgate Castleforge interior
160 Aldersgate Castleforge interior 3
160 Aldersgate Castleforge interior 2
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