Centre Point
London

An Icon of London’s Skyline

It was 99% occupied by 41 tenants, generating an impressive annual income of £7.5 million, with an average unexpired lease term of seven years. The tenant mix includes strong covenants such as CBI, Petrochina, Aramco, William Morris Agency and EA Games, providing a robust and diverse income stream.

There were substantial opportunities to increase income through upcoming lease renewals or by refurbishing and re-letting spaces at higher rents in 2010. Additionally, a fixed rent review will create an additional £450,000 per annum. The building is situated within an area designated for significant regeneration and enhancement under the London Plan, which will further bolster its appeal and value. Major improvements to local transport facilities, including the construction of Crossrail and upgrades to the Underground, are already underway, enhancing connectivity and accessibility.

Elevating West End’s Premier Office Space

Moreover, there is a proposed redevelopment of Centre Point House, located at the rear of the main tower, to provide a high-quality hotel and residential complex totalling an additional 300,000 sq ft NIA. This redevelopment will further elevate the site’s prestige and attract high-calibre tenants and residents. This iconic building not only offers a stable and lucrative income but also significant potential for growth and value appreciation in the heart of London.