Anchored by Swiss Re, but let to twenty tenants in total, the building provides over 500,000 sq.ft. of prime multi-let office space. Focused asset management ensured the building consistently achieved top rents throughout a very challenging occupier market.
In 2014 and following IVG’s corporate insolvency in Germany, the financing on IVG’s part of the joint venture ultimately led to a receiver being appointed. Although Evans Randall secured all the necessary equity and financing to take 100% ownership of the asset, the building was sold and achieved a market leading sale price of £726 million.