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 leased the first to fifth floors at the 65,638 sq ft office block in Chancery Lane. The serviced office provider has taken a total of 49,212 sq ft on a 20-year lease at an overall rent of £63.50 per sq ft.

The deal means the building is now fully let to five tenants within six months of practical completion. It has a passing rent of £4.3m per annum, reflecting £58.64 per sq ft overall.

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 […]

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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 […]

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First lettings at The Cursitor Building

Endurance Land and Aberdeen Asset Management have completed the first lettings at The Cursitor Building on London’s Chancery Lane. A leading law firm have taken a 10-year lease on the 6,049 sq ft sixth floor at a rent which equates to £72 per sq ft. “Creating a first class work environment with our partners AAM […]

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