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Sixty Threadneedle Street. External cladding comprise PvDF2 coated metal  frames and architectural elements and double  glazed units constructed from a unitized system.

Sixty Threadneedle Street. External cladding comprise PvDF2 coated metal frames and architectural elements and double glazed units constructed from a unitized system.

June 2011

Sixty Threadneedle Street

Address:
60 Threadneedle Street, London EC2R 8HP
Type:
Commercial
Completion:
January 2009
Offices:
8
Website:
Viewed:
15587

Description of Sixty Threadneedle Street

Sixty Threadneedle Street is a Grade A 210,780sq ft/19,583m2 office building in the City of London.

Sixty Threadneedle Street's eastern façade forms Threadneedle Walk, an exciting new retail thoroughfare.

The main entrance faces Royal Exchange, the City's premier retail destination. The immediate area offers an array of shops, cafés and restaurants.

The Building

• Basement - car parking, loading bay, plant
accommodation. Cycle storage and change facility. A3 retail unit and tenant's storage/ancillary plant accommodation.
• Lower Ground - offices.
• Ground - office entrance, management suite and fire control room, retail and loading bay.
• Mezzanine - ancillary office or retail space.
• First & Second - offices suitable for trading.
• Third to Eighth - offices arranged around two atria.
• Roof - plant areas, atria roofs, lift overruns
and window/facade cleaning equipment

A range of measures combine to minimise Sixty Threadneedle Street's impact on the environment, and consequently to achieve an ‘Excellent' BREEAM rating.

These measures are particularly effective in the areas of:

Energy - Energy efficient lighting and heating, a dual-fuel boiler and an array of photovoltaic panels on the roof serve to reduce the amount of energy required by the building.

Transport
The building benefits from the area's excellent public transport links, and further encourages green transport through the provision of 130 bicycle spaces and shower facilities for cyclists.

Ecology
Green roofs attenuate the fl ow of rainwater, while bird boxes and bat boxes promote the biodiversity of the local area.

Water
A focused approach to reducing water demand includes
dual-flush toilets, aerated tap fittings and water
efficient showers.

Health & Wellbeing
Ventilation, lighting and acoustics are all designed to maximise occupier comfort.

Source: sixtythreadneedlestreet.com

Connected Companies

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Manager:

Buildington Rating & Notes

Location
Architecture
Construction
Planning
Logistics
Environment

News & Comments: (1)

Buildington
2011/12/15 15:19

Hammerson plc has sold the freehold of 60 Threadneedle Street, London EC2, to St. Martins Property Investments Limited, the UK-based real estate investment vehicle of the State of Kuwait.

The net consideration after deducting rental top-ups is £176 million, £5 million of which is deferred subject to certain conditions which are expected to be satisfied by 2013. The last valuation at 30 June 2011 was £165 million. Passing rents, post rent-free periods, are £8.8 million and the price represents an initial yield to the purchaser of approximately 4.75%.

Completed by Hammerson in January 2009 at a cost of £124 million, the 19,900m2 (214,200ft2) building is in the centre of the City of London, and forms part of the site previously occupied by the London Stock Exchange. It provides nine storeys of office accommodation with tenants including Talbot Underwriting, Universities Superannuation Scheme, Berenberg Bank and The Toronto Dominion Bank.

Hammerson was advised by Strutt & Parker and Nabarro, with St. Martins Property Investments Limited advised by Savills and Eversheds.

David Atkins, Chief Executive of Hammerson, commented:

“We have a clear strategy for London offices of creating high quality property through asset management and development, then recycling capital to realise value. This disposal will allow Hammerson to crystallise significant development profits and further enhance our financial flexibility for future refurbishment, development and acquisition opportunities.

Having originally acquired the former Stock Exchange site in 2002, and progressed two separate developments, we generated significant value through the sale of 50% of 125 Old Broad Street in 2006, and have now realised a substantial profit on cost from the sale of 60 Threadneedle Street.”

Source: hammerson.com

*DISCLAIMER! Information on this page is for guidance only and remains subject to change. Buildington does not sell or let this property. For more information about this property please register your interest on the original website or get in touch with the Connected Companies.

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