70 St Mary Axe, London

Targetfollow acquired the freehold and the building was occupied by Targetfollow’s
serviced office business, Targetspace, at a rental of £1.2 million per annum. Targetfollow proposed the development of a top quality 24 storey tower comprising 428,000 sq ft of Grade A
office accommodation. This included the redevelopment of the adjacent 60 St Mary Axe. Both buildings were income producing until vacant possession required.

The asset was sold in 2011.