The Group completed the acquisition of the London Commercial Building project in the first half of 2018. It is located in the heart of London's well-known insurance industry district, adjacent to the financial city of 20 Fenchurch Street and Leaden hall Building. It is prepared to build another 1-2 floors of rented area on the basis of the original 8 floors, which can increase the rental area by 12.5-25%.
It is a free hold property developed by the top British land developer -
British Land Company in 1996. It has recently been renovated and has
a total floor area of 161,689 square feet of Grade A office buildings.
Natural light source covers an area of 14,643 to 19,481 square feet. The
building has been fully leased to 8 office tenants, 1 retail tenant and 1
medical tenant under full insurance and warranty terms. £6,747,002
(£41.7 per square foot rent, compared to a market price of £70 per
square foot for a low rent), with a weighted average remaining lease
period of 6.5 years and a 4.4 year remaining from the tenant break
option, through rental activities and assets Management activities have
55 Mark Lane enjoys an excellent position with a 70-meter street facing
east of Mark Lane, north of the financial city of Fenchurch Street and
south of Great Tower Street. The area is loved by multinational
financial and insurance companies including Lloyd's Insurance, AIU
Insurance, Aon Insurance Group, Aviva Insurance Group, Hiscox
Insurance, Swiss Re, and Willis Insurance as well as professional
services companies, technology, media and telecommunications
companies. The east side is close to the main emerging hotel area of the
Tower of London. There are Four Seasons Hotel, Double Tree by
Hilton Hotel and Citizen M Hotel.