CLI Dartriver has completed the Freehold acquisition of 50 Finsbury Square, London, EC2 on behalf of WIRTGEN Invest Holding GmbH for £190m (£1,471 psf).

50 Finsbury Square is a landmark HQ building overlooking Finsbury Square, approximately 250m from the Elizabeth Line entrance at Moorgate. The building was originally designed by Foster + Partners in 2000 and has been comprehensively refurbished by GPE plc following the relocation of the original tenant, Bloomberg. The development will be certified as “Net Zero Carbon”, BREEAM “Excellent” and has an EPC rating of A. 50 Finsbury Square is a best-in-class office building benefiting from fully electric heating and cooling, significant roof terraces, high quality end of trip facilities, generous double height reception and 2.9m floor to ceiling heights throughout.

The 129,200 sq. ft. scheme is predominately office with four small retail units fronting Finsbury Pavement. The offices are let to global satellite company Inmarsat Global Ltd for a term of 20 years (tenant break at the 15th) at c £8.5m per annum, reflecting a low average rent of just £69.75 psf. The retail is fully let at c £0.535m pa to a strong line up of F&B and convenience operators.

Folgate Building, E1 is a 66,800 sq ft long-leasehold office building, located in the vibrant sub market of Spitalfields just to the north of the City of London and less than 5 minutes from Liverpool Street station and the Elizabeth line.

The building has planning permission for a major refurbishment and extension and the works are underway to create highly specified office space, with market leading environmental credentials and exemplary design.

The building will offer significant amenity to the occupiers with a communal café linked to a private courtyard and multiple roof terraces covering over 8,400 sq. ft. The project will complete in early 2024.

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CLI Dartriver has acquired the freehold of Union House, Union Street, SE1, on behalf of one of its European Investment Programmes.

This distinctive, popular warehouse office building is prominently located in the heart of Southbank and was comprehensively refurbished in 2016 achieving an EPC B rating and is multi-let on a floor-by-floor basis to leading companies including, Ren Ltd and Seaco Global Ltd at an average rent of only £58.70 psf, with a WULT of 4 years.

CLI Dartriver will seek to enhance the asset’s long term market appeal by undertake a rolling refurbishment of floors as they become vacant, enhancing the common areas and increasing the tenant amenity offer in the building.

To learn more, visit the website.

CLI Dartriver has purchased the Long Leasehold interest of 180 Fleet Street, EC4 from BlackRock UK Property Fund on behalf of its European investment programme.

The prominent 1980’s building comprises 25,587 sq. ft of office and retail accommodation in a prime location on the corner of Fleet Street and Fetter Lane.

The 22.354 sq. ft self-contained office portion of the building is let to barristers Landmark Chambers Ltd until December 2029.

CLI Dartriver are working with the office occupier to allow for short term environmental improvements, with a longer term aim of re-developing the site once a planning permission has been obtained for a high quality building, with roof terraces, landscaped courtyard, enhanced tenant amenities and top rated environmental credentials.

CLI Dartriver has acquired a 289-year head leasehold interest at a peppercorn rent in 78 Cannon Street, EC4, on behalf of one of its European Investment Programmes.

The entire building is sub-let to subsidiaries of Deka Immobilien Investment GmbH ( “Deka”), the sub-lease provides for Deka to pay a proportion of the annual rents received from the building throughout the 289 year term, subject to a minimum rent, which is reviewable every 5 years.

78 Cannon Street is a c.400,000 sq. ft Grade A office building situated directly above Cannon Street station in the heart of the City of London. It was completed in 2011 and is occupied by a number of internationally renowned businesses.

CLI Dartriver has purchased two properties, 41 Luke Street (EC2) and 69 Carter Lane (EC4) on behalf of one of its European Investment programs for £52m. The price reflects £844 psf and 6.8% on the contracted income.

69 Carter Lane comprises a fully refurbished and extended building of 30,405 sq ft arranged over lower ground, ground and five upper floors.

The building benefits from a full specification, an EPC B rating and terraces on 4th and 5th floors.

Carter Lane is fully let to 6 tenants with a WAULT of 3.8years (at purchase) and at an average rent of £58 psf.

CLI Dartriver has purchased two properties, 41 Luke Street (EC2) and 69 Carter Lane (EC4) on behalf of one of its European Investment programs for £52m. The price reflects £844 psf and 6.8% on the contracted income.

41 Luke Street comprises a fully refurbished and extended warehouse building of 30,408 sq ft over lower ground, ground and five upper floors.

The building benefits from a full specification, has an EPC B rating and terraces on 2nd – 5th floors.

Luke Street is fully let to Barclays Execution Services Ltd until November 2026 at a rent of £65 psf overall.

CLI Dartriver has acquired 1 Paternoster Square, EC2 on behalf of one of its European Investment programmes.

The building is a high specification, mixed-use building, comprising 16,272 sq.ft. of offices arranged over lower ground, ground and four upper floors, fully let to Gateley LLP at only £59 p.s.f. and benefits from a large terrace on the 4th floor with uninterrupted views of St Paul’s Cathedral.

In addition, there are four retail units on the ground floor and the building has a WAULT of 7.6 years.

CLI Dartriver have acquired 17a Curzon Street, W1 on behalf of one of its European Investment Programmes.

This freehold building comprises 10,700 sq ft of offices over seven floors. The building offers high quality boutique accommodation, let floor by floor to a variety of tenants, with excellent natural light, a sixth floor terrace and end of trip facilities.

CLI Dartriver are planning a series of sensitive and appropriate interventions which will upgrade the building to a top quality Mayfair specification, whilst improving tenant amenities and environmental performance.