60/70 St Mary Axe
London
This 0.5 acre development lies at the heart of the City of London. The site includes two buildings: 60 St Mary Axe, a 60,000 sq ft property, and 70 St Mary Axe, a 36,000 sq ft property.
the stats
96,000sq ft in central London
100% occupied
0.5 acres
Strategic Assets in London’s Business Hub
70 St Mary Axe was fully let, generating an annual income of £1.3 million, primarily from Targetspace Ltd, which occupies 90% of the space, and two retailers. Opportunities for rental increases existed from a Targetspace rent review in January 2010 and retail lease renewals in December 2012. Detailed planning consent was achieved in December 2008 for a 24-storey prime office building, located near The Gherkin, The Pinnacle and The Heron Tower.
Transforming Iconic City Properties
The new scheme, totalling over 300,000 sq ft NIA, is designed to accommodate either a single corporate headquarters or be multi-let on a floor-by-floor basis, with 18 floors of Grade A office space offering up to 17,000 sq ft per floor. Additionally, the development’s strategic location provides exceptional accessibility and visibility, making it an attractive prospect for prestigious tenants seeking a prime address in London’s financial district.
This blend of high-quality office space and a sought-after location ensures strong demand and long-term value growth.
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