Skip to main content Skip to footer

The Bonhill Building, London EC2 sold for £112.5 million

Capital Markets

Colliers advised LGIM Real Assets (Legal & General) on the sale


Colliers International’s London Capital Markets team, acting on behalf of LGIM Real Assets (Legal & General) has sold the freehold interest in The Bonhill Building, London EC2 to Mayfair Capital for £112.5 million, reflecting an initial yield of 5.12%. 

The sale follows the successful conclusion of an intensive asset management programme, through which Legal & General significantly improved the standard of the accommodation, level of occupier service and technology used by its tenants. Creating numerous asset management opportunities to increase the rental income and a longer term potential to add additional massing, subject to planning,” said Dominic Amey, Director & Head of City Capital Markets at Colliers International. “The Bonhill Building is extremely well located within the thriving tech city district close to Liverpool Street and Moorgate Stations, appealing to both traditional City occupiers and also the creative and tech industries more associated with the Shoreditch market.”

This prime freehold multi-let office building comprises 115,000 sq ft of grade-A offices, data centre, retail and ancillary accommodation arranged over lower ground, ground and six upper floors.  The Bonhill Building is fully let to seven tenants including Nexmo Limited, Iomart Group Plc and Crabtree & Evelyn at an average passing rent of £53.46 per sq ft overall.

Related Experts

Rebecca Allen

PR Manager

Marketing & Communications

London - West End

I have been working in commercial property communications for almost 10 years  having previously worked at CBRE and most recently Savills.

In my role at Colliers I am responsible for the PR of national capital markets, London agency and capital markets teams and investment property management.

My role includes:

  • Creating and exectuing PR plans for business lines that span press, marketing and digital channels
  • Media monitoring and reporting
  • Journalist relationship building through face to face meetings, phone calls day to day assistance with stories
  • Reputation management of the Colliers brand

 

 

View expert