Dentons has advised FPM 100 New Bridge Street Limited on the sale of the 100 New Bridge Street building in London EC4 to property investment and development company Helical plc, for Ā£160 million.
The 167,026 sq. ft office building is held on a 999-year long leasehold at a peppercorn rent from National Rail Infrastructure Limited. The property is currently let to international law firm Baker McKenzie, whose lease will expire in December 2023.
Helical, a leading UK real estate company specialising in the redevelopment of highly sustainable London office buildings, plan to undertake major refurbishment improvements around the site.
Dentons’ Corporate Real Estate PartnerĀ Matthew TingerĀ led the Dentons team. He said: “100 New Bridge Street is a very prominent office location in the City and we are pleased to have advised on this deal, which will lead to a redevelopment operating to the highest standards of sustainability. ”
The Dentons team included Corporate AssociateĀ Ben Havard, Real Estate PartnerĀ Nichola West, Real Estate AssociateĀ David StokesĀ and Tax PartnerĀ Alex Thomas.
