 |
 |
 |
| Value £505m |
 |
 |
 |
114,100 sq m (1.3m sq ft) office,
retail, leisure and residential
accommodation |
 |
 |
 |
4.2 hectare (10.4 acre) site,
West End of London |
 |
 |
 |
Close to Euston mainline and
four underground stations |
 |
 |
 |
2.0 hectares (4.9 acres)
for
further development at the
North-East quadrant and site to the West of the estate |
|
 |
 |
 |
Community website
www.vicinitee.com |
|
|
 |
 |
 |
| Mainly freehold |
|
 |
 |
 |
| 100% owned |
|
 |
 |
 |
| Rent passing £17.7m
pa |
|
 |
 |
 |
Average office passing rent
£29.10 per sq ft |
 |
 |
 |
| Weighted average lease term
including breaks 14.1 years, to expiry 16.9 years |
|
 |
 |
 |
| |
 |
 |
 |
| Tenants include: |
 |
 |
 |
| Abbey National |
| Bank One |
| Capital One |
| Elexon |
| HM Government |
|
| Hodder Headline |
| Sema |
|
This thriving West End business quarter has a major Euston Road
frontage and excellent transport links.
Two new buildings, the 18,500 sq m (199,000 sq ft) headquarters
office building for Abbey National plc at 2/3 Triton Square and
the 350 Euston Road building with 12,000 sq m (130,000 sq ft) offices
and retail accommodation are complete, incorporating broadband technology.
43% of the office space at 350 Euston Road has been let in the year,
to Capital One and Elexon at £46.50 per sq ft and £48.50
per sq ft respectively.
Preliminary master planning and massing studies are being progressed
for the North-East Quadrant of Regent’s Place, comprising
one hectare (2.4 acres). Additionally, in September 2002 a conditional
Development Agreement was entered into with The Crown Estate to
explore the development potential of a one hectare (2.5 acre) site
to the West of the estate. These two projects have the potential
to add in the region of a further 93,000 sq m (1.0 million sq ft)
to Regent’s Place. Ultimately the entire estate is projected
to cater for a working population of some 10,000 people.
Retail offers within Regent’s Place enhance the working environment,
including a Sainsbury’s convenience supermarket, Holmes Place
Health Club, Starbucks and Pret a Manger, a wine bar, hairdressers
and a large crèche. 350 Euston Road incorporates further
retail units which will be available for letting to a mix of tenants.
Triton Square, a large public area, provides landscaped open space
facilities for all occupiers of the estate. Broadgate Estates Limited
continues to manage the external and common areas.
Following the launch of the Regent's Place Travel Plan, the transport
initiatives at Regent's Place are now featured in Government best
practice guidance documents on travel plans.
350 Euston Road has been selected for an award in the Large
Commercial" category of the London Borough of Camden Built
in Quality Awards 2003, part of a national scheme to promote good
building practice.
The rents passing are expected to increase to £26.4 million
per annum on expiry of rent free periods in September 2003.

Regent's Place
 Back
to top
|