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120 Fenchurch Avenue, EC3
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8 Salisbury Square, EC4
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Vintners Place, EC4
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Ludgate London, EC4
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3 Minster Court, Mincing Lane, EC3
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Premier Place, Devonshire Square, EC2
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Tower 42 Estate, EC2
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Moto / Equity Partners Infrastructure Company
Excellence in investment, development and asset management
Our Projects
We are proud to have been instrumental in the development of some of Central London’s most prominent commercial buildings. In four decades of working in the Central London office market, we have helped to develop approximately 5 million sq ft across 60 schemes. Read more about them here.
Map
Grid
Project Address▼Size▼Location▼Completion▼
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Lime Street Estate, EC3 121,711 sq ft City
30,000 sq ft available to letLime Street Estate, EC3 121,711 sq ft 30,000 sq ft available to let City
Lime Street Estate, EC3
Sourcing & Acquisition
Corporate Management
Asset & Development Management
Leasing
Situated in a prime City of London location, within the eastern Tower Cluster and located directly opposite Lloyd’s of London, the world’s leading specialist insurance market. The building is multi let and comprises 121,711 sq ft of office and ancillary accommodation arranged in two adjoining and interlinking buildings. The building has significant long term development potential situated in an area designated suitable for high rise buildings.
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Premier Place, Devonshire Square, EC2 234,234 sq ft City
Premier Place, Devonshire Square, EC2 234,234 sq ft City January 2020
Premier Place, Devonshire Square, EC2
Sourcing & Acquisition
Corporate Management
Asset & Development Management
Leasing
Greycoat oversaw the purchase of this building, and working alongside Stiff + Trevillion Architects, put together a plan for a comprehensive refurbishment and repositioning. The scheme includes the construction of a new lift core, enlarged and improved entrance, with new building services and modern finishes throughout, with extensive roof terraces on the upper floors.
Greycoat secured a letting to Jane Street over the ground to 5th floors inclusive, comprising approx. 150,000, during the construction period. The transaction required a significant re-design of the base build services, which was managed alongside the procurement of the Main Contract.
Construction was completed in January 2020
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8 Salisbury Square, EC4 165,197 sq ft Midtown
8 Salisbury Square, EC4 165,197 sq ft Midtown
8 Salisbury Square, EC4
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Sourcing & Acquisition
Corporate Management
Asset & Development Management
Leasing
The TP Bennett designed scheme is a redevelopment of the original 1980’s office building in the heart of London’s vibrant Midtown market. The scheme provides new Grade A office accommodation over lower ground, ground and eight upper floors. The property also benefits from impressive external terraces on five floors.
Greycoat acted as Development Manager having acquired the site, secured early vacant possession, and achieved a full planning consent to extend the existing building by approximately 35,000 sq ft. The building was practically completed in Q4 2017.
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The Minster Building, Mincing Lane, EC3 298,957 sq ft City
The Minster Building, Mincing Lane, EC3 298,957 sq ft City
The Minster Building, Mincing Lane, EC3
Sourcing & Acquisition
Corporate Management
Asset & Development Management
Leasing
This building provides new Grade A accommodation in a prominent position in the heart of London’s insurance district, just a short distance from Lloyds of London.
Greycoat coordinated the acquisition of 3 Minster Court, leading the due diligence process with Ivanhoe Cambridge to successfully merge two existing investment interests. Acting as Development and Asset Manager alongside a team lead by Buckley Grey Yeoman architects, the building has been comprehensively refurbished and repositioned with a design-lead approach, to meet the requirements for modern occupiers
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10 Fenchurch Avenue, EC3 450,000 sq ft City
10 Fenchurch Avenue, EC3 450,000 sq ft City
10 Fenchurch Avenue, EC3
Corporate Management
Asset & Development Management
Leasing
This scheme adjacent to Leadenhall Market was designed by Eric Parry Architects and provides approx. 420,000 of new Grade A office accommodation over 13 storeys, together with a public sky garden and approx. 27,000 sq ft of retail space at ground level.
Since 2010, Greycoat has acted as Development Manager on behalf of Generali, completing the site assembly, achieving a full planning consent, resolving third party matters, and negotiating a new Headlease and Development Agreement with the Clothworker’s Company. Following a pre-let to M&G for its new City of London headquarters, this project was practically completed to shell and core in Q4 2017
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Vintners Place, Upper Thames Street, EC4 266,355 sq ft City
95,000 sq ft available to letVintners Place, Upper Thames Street, EC4 266,355 sq ft 95,000 sq ft available to let City
Vintners Place, Upper Thames Street, EC4
Corporate Management
Asset & Development Management
Leasing
Vintners Place occupies a prominent position overlooking the river Thames, close to the junction with Queen Street Place and Southwark Bridge. It provides a modern office community over basement, ground and six upper floors with terrace space and includes a gym, 20m swimming pool, café and an atrium business lounge that are all run for the benefit of the occupiers.
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Stonecutter Court, 1 Stonecutter Street, EC4 152,808 sq ft Midtown
Stonecutter Court, 1 Stonecutter Street, EC4 152,808 sq ft Midtown
Stonecutter Court, 1 Stonecutter Street, EC4
Sourcing & Acquisition
Corporate Management
Asset & Development Management
Stonecutter Court comprises three existing buildings arranged around a central courtyard just to the north of Fleet Street, a short distance from the new Crossrail interchange at Farringdon Station.
Greycoat led the pre-purchase due diligence process with Ivanhoe Cambridge, which included negotiating an alteration to the existing City of London headlease, and undertaking various feasibility studies to formulate the business plan and underwrite the acquisition of the asset.
Planning consent has been secured to redevelop the mid 1900’s property and build a new Grade ‘A’ building of approx. 250,000 sq ft on the site. The new design incorporates the retained Grade II Listed Hoop & Grapes public house.
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Tower 42 Estate, Old Broad Street, EC2 501,902 sq ft City
Tower 42 Estate, Old Broad Street, EC2 501,902 sq ft City
Tower 42 Estate, Old Broad Street, EC2
Asset & Development Management
Leasing
Greycoat has maintained an ongoing role in the Tower 42 Estate over 20 years, through multiple ownerships and market cycles. Having originally purchased the iconic 322,000 sq ft tower and neighbouring four buildings from NatWest Bank in 1998, Greycoat formulated a master plan to rejuvenate the entire Estate.
The strategy included repositioning and rebranding the property as Tower 42, creating a new modern entrance onto Old Broad Street, and adding retail uses at ground and mezzanine. Greycoat created the “Office Hotel” concept that still exists today, promoting an occupier-orientated culture with a flexible leasing policy and high level of customer service. Greycoat continues to act as Asset Manager, driving performance through income management, ongoing redevelopment, and close engagement with over 65 tenants.
The Estate has been rejuvenated with the re-development of 15 Bishopsgate in 2017, which was pre-let to WeWork and the opening of The Avenue, the City’s latest retail arcade with new retailers that include Marks & Spencer, Joe & The Juice, Scarpetta, The Broadleaf, Vital, Ted’s Grooming, Pizza Pilgrims and Paul.
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Ludgate London, Ludgate Hill, EC4 105,289 sq ft Midtown
Ludgate London, Ludgate Hill, EC4 105,289 sq ft Midtown
Ludgate London, Ludgate Hill, EC4
Sourcing & Acquisition
Corporate Management
Asset & Development Management
Leasing
Procession House occupies a prominent island site on the western side of the City, close to St. Paul’s Cathedral and the new Crossrail interchange at Farringdon Station.
The Property comprises ground floor retail space and five upper floors of office accommodation, benefitting from dual entrances from Ludgate Hill and New Bridge Street.
Greycoat oversaw the purchase of the asset and secured vacant possession. It implemented a comprehensive scheme of refurbishment and repositioning, including full replacement of plant and machinery, alterations to the external envelope, and new finishes throughout. The principal accommodation has been leased to the Intermediate Capital Group and Crowe UK.
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Lime Street Estate, EC3
Sourcing & Acquisition
Corporate Management
Asset & Development Management
Leasing
Situated in a prime City of London location, within the eastern Tower Cluster and located directly opposite Lloyd’s of London, the world’s leading specialist insurance market. The building is multi let and comprises 121,711 sq ft of office and ancillary accommodation arranged in two adjoining and interlinking buildings. The building has significant long term development potential situated in an area designated suitable for high rise buildings.
ClosePremier Place, Devonshire Square, EC2
Sourcing & Acquisition
Corporate Management
Asset & Development Management
Leasing
Greycoat oversaw the purchase of this building, and working alongside Stiff + Trevillion Architects, put together a plan for a comprehensive refurbishment and repositioning. The scheme includes the construction of a new lift core, enlarged and improved entrance, with new building services and modern finishes throughout, with extensive roof terraces on the upper floors.
Greycoat secured a letting to Jane Street over the ground to 5th floors inclusive, comprising approx. 150,000, during the construction period. The transaction required a significant re-design of the base build services, which was managed alongside the procurement of the Main Contract.
Construction was completed in January 2020
Close2 Marylebone Road, Albany Street & Park Square East
CloseBritannic House – 1 Finsbury Circus
CloseHungerford House – Victoria Embankment
Close41-44 Great Queen Street
Close65 Brook Street
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123 & 151 Buckingham Palace Road
CloseVictoria Plaza
CloseTerminus Place – Victoria
CloseRed Wolf House – Bolton Street
Close8-10 Hanover Street
Close15 New Burlington Place
CloseQuadrant House – Regent Street
Close7-11 Lexington Street
CloseRegent Arcade House
CloseWellcome Trust – 200-210 Euston Road
Close250 Euston Road
Close8-12 Broadwick Street
Close141 Wardour Street
Close74 Wardour Street
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Embankment Place
CloseCarrara house
CloseKipling House – Villiers Street
CloseThe Buckingham Estate
CloseRoyal Mint Court
Close20 Kingsway
CloseBrettenham House – 1 Lancaster Place
CloseImperial House – Kingsway
CloseSardinia House – Sardinia Street
CloseHazlitt House – Southampton Buildings
CloseTemple Bar House – 23/28 Fleet Street
CloseCoin Street – Southbank
ClosePaternoster Square
CloseRoman House – Wood Street
CloseSaddlers Hall – Gutter Lane
Close130 Wood Street
Close60 & 61 Cheapside
Close20 Cannon Street
Close30 Cannon Street
Close61 Queen Street
Close36 Poultry
Close27 Poultry
Close99 Gresham Street
CloseOne Angel Court
CloseOld Stock Exchange Tower
Close80 Cannon Street
Close33 King William Street
CloseEquitable House – King William Street
Close9 Eastcheap
Close2/3 Philpot Lane
CloseCornhill
CloseWhite Lion Court
Close7 Bishopsgate
Close1 Great St Helen’s
CloseNo. 1, 2 & 3 Finsbury Avenue
Close56-58 Artillery Lane
CloseCutlers Exchange
Close6 Bevis Marks
Close27 Leadenhall Street
CloseSt Clements House – 27 Clements Lane
CloseTower House
Sourcing & Acquisition
Corporate Management
Asset & Development Management
Leasing
Tower House was an existing office building above Tower Hill Underground Station for which Greycoat secured a planning consent with Shepherd Robson Architects for approximately 100,000 sq ft of new offices, together with a new station entrance. Subsequently Greycoat secured a revised consent for a 370 bedroom hotel which is occupied by CitizenM.
This is one of three office projects developed using a £130m development fund established by Greycoat in 2006.
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125 Old Broad Street
Asset & Development Management
CloseMOTO / Equity Partners Infrastructure Company No. 1 Limited (“EPIC”)
Sourcing & Acquisition
Corporate Management
MOTO is the largest owner and operator of Motorway Service Area property in the UK, with a 2014 EBITDA of £91.8m. EPIC was established in 2007 as an investment entity to make minority investments in various UK infrastructure projects, including MOTO, Thames Water and Arquiva. At the time of Greycoat’s investment in EPIC, EPIC’s c. 17.5% stake in MOTO accounted for over 95% of its asset base. Due to the size of its shareholding, EPIC benefitted from significant shareholder rights within the MOTO holding structure.
Greycoat, in joint venture with Cheyne Capital, acquired a c. 85% interest in EPIC at a price of 30 pence per share (£45.2m cost), via a combination of a share placement and purchase of shares from existing investors.
At the time of acquisition, MOTO had short term debt with a c. 10% weighted cost of debt. In Q2 2015 MOTO refinanced its existing facilities to deliver a c. 5.6% weighted cost of debt on the same leverage quantum. In the period from Q2 2014 to Q2 2015 MOTO’s EBITDA increased by over 10%.
In Q4 2015 EPIC ultimately joined the other shareholders in MOTO in selling on a whole business basis to the Universities Superannuation Scheme. The realised price resulted in cash proceeds to shareholders of 77.8p per EPIC share.
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Chesham House, 30 Warwick Street, W1
Sourcing & Acquisition
Asset & Development Management
Leasing
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New Burlington Place, W1
Asset & Development Management
Leasing
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101 New Cavendish Street, W1
Sourcing & Acquisition
Corporate Management
Asset & Development Management
Leasing
101 New Cavendish Street W1, was completed in February 2009, to provide approx. 92,000 sq ft of offices and 7,500 sq ft of residential accommodation in the West End. The offices were fully let to a variety of tenants including the University of Westminster.
This is one of three office projects developed using a £130m development fund established by Greycoat in 2006.
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Condor House, EC4
Asset & Development Management
Leasing
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The Pinnacle, EC2
Asset & Development Management
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Capital House, EC4
Sourcing & Acquisition
Asset & Development Management
Leasing
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30 Crown Place, EC2
Sourcing & Acquisition
Corporate Management
Asset & Development Management
Leasing
30 Crown Place EC2, situated just to the north west of Liverpool Street station, was delivered in January 2009. The scheme comprised approx. 200,000 sq ft of new Grade A office and retail accommodation designed by architects Horden Cherry Lee, and was fully let to law firm Pinsent Masons LLP.
This is one of three office projects developed using a £130m development fund established by Greycoat in 2006.
Close8 Salisbury Square, EC4
Sourcing & Acquisition
Corporate Management
Asset & Development Management
Leasing
The TP Bennett designed scheme is a redevelopment of the original 1980’s office building in the heart of London’s vibrant Midtown market. The scheme provides new Grade A office accommodation over lower ground, ground and eight upper floors. The property also benefits from impressive external terraces on five floors.
Greycoat acted as Development Manager having acquired the site, secured early vacant possession, and achieved a full planning consent to extend the existing building by approximately 35,000 sq ft. The building was practically completed in Q4 2017.
CloseThe Minster Building, Mincing Lane, EC3
Sourcing & Acquisition
Corporate Management
Asset & Development Management
Leasing
This building provides new Grade A accommodation in a prominent position in the heart of London’s insurance district, just a short distance from Lloyds of London.
Greycoat coordinated the acquisition of 3 Minster Court, leading the due diligence process with Ivanhoe Cambridge to successfully merge two existing investment interests. Acting as Development and Asset Manager alongside a team lead by Buckley Grey Yeoman architects, the building has been comprehensively refurbished and repositioned with a design-lead approach, to meet the requirements for modern occupiers
Close 10 Fenchurch Avenue, EC3
Corporate Management
Asset & Development Management
Leasing
This scheme adjacent to Leadenhall Market was designed by Eric Parry Architects and provides approx. 420,000 of new Grade A office accommodation over 13 storeys, together with a public sky garden and approx. 27,000 sq ft of retail space at ground level.
Since 2010, Greycoat has acted as Development Manager on behalf of Generali, completing the site assembly, achieving a full planning consent, resolving third party matters, and negotiating a new Headlease and Development Agreement with the Clothworker’s Company. Following a pre-let to M&G for its new City of London headquarters, this project was practically completed to shell and core in Q4 2017
CloseVintners Place, Upper Thames Street, EC4
Corporate Management
Asset & Development Management
Leasing
Vintners Place occupies a prominent position overlooking the river Thames, close to the junction with Queen Street Place and Southwark Bridge. It provides a modern office community over basement, ground and six upper floors with terrace space and includes a gym, 20m swimming pool, café and an atrium business lounge that are all run for the benefit of the occupiers.
CloseStonecutter Court, 1 Stonecutter Street, EC4
Sourcing & Acquisition
Corporate Management
Asset & Development Management
Stonecutter Court comprises three existing buildings arranged around a central courtyard just to the north of Fleet Street, a short distance from the new Crossrail interchange at Farringdon Station.
Greycoat led the pre-purchase due diligence process with Ivanhoe Cambridge, which included negotiating an alteration to the existing City of London headlease, and undertaking various feasibility studies to formulate the business plan and underwrite the acquisition of the asset.
Planning consent has been secured to redevelop the mid 1900’s property and build a new Grade ‘A’ building of approx. 250,000 sq ft on the site. The new design incorporates the retained Grade II Listed Hoop & Grapes public house.
Close21 Lombard Street, EC3
Sourcing & Acquisition
The property occupies a prime City of London address, close to the Bank of England, Mansion House and Royal Exchange. It provides high quality office accommodation over basement, mezzanine, lower ground, ground and eight upper floors, and is fully let to UBS until 2026.
Greycoat is acting as Asset Manager on behalf of Ivanhoe Cambridge, having identified the opportunity and advised on all aspects of the purchase.
CloseTower 42 Estate, Old Broad Street, EC2
Asset & Development Management
Leasing
Greycoat has maintained an ongoing role in the Tower 42 Estate over 20 years, through multiple ownerships and market cycles. Having originally purchased the iconic 322,000 sq ft tower and neighbouring four buildings from NatWest Bank in 1998, Greycoat formulated a master plan to rejuvenate the entire Estate.
The strategy included repositioning and rebranding the property as Tower 42, creating a new modern entrance onto Old Broad Street, and adding retail uses at ground and mezzanine. Greycoat created the “Office Hotel” concept that still exists today, promoting an occupier-orientated culture with a flexible leasing policy and high level of customer service. Greycoat continues to act as Asset Manager, driving performance through income management, ongoing redevelopment, and close engagement with over 65 tenants.
The Estate has been rejuvenated with the re-development of 15 Bishopsgate in 2017, which was pre-let to WeWork and the opening of The Avenue, the City’s latest retail arcade with new retailers that include Marks & Spencer, Joe & The Juice, Scarpetta, The Broadleaf, Vital, Ted’s Grooming, Pizza Pilgrims and Paul.
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Wellington House, 125 Strand, WC2
Asset & Development Management
Leasing
This 1930s building occupies a prominent position at the corner of Lancaster Place and The Strand, and forms part of a prestigious estate of land held in trust for the Sovereign.
Greycoat acted as Development Manager to comprehensively refurbish, reconfigure and extend the existing building to provide new modern Grade A office space, including a new seventh floor and roof terrace overlooking the Thames. The project was carried out with a number of existing retail tenants in occupation, with the property being 75% let prior to completion in January 2013.
CloseLudgate London, Ludgate Hill, EC4
Sourcing & Acquisition
Corporate Management
Asset & Development Management
Leasing
Procession House occupies a prominent island site on the western side of the City, close to St. Paul’s Cathedral and the new Crossrail interchange at Farringdon Station.
The Property comprises ground floor retail space and five upper floors of office accommodation, benefitting from dual entrances from Ludgate Hill and New Bridge Street.
Greycoat oversaw the purchase of the asset and secured vacant possession. It implemented a comprehensive scheme of refurbishment and repositioning, including full replacement of plant and machinery, alterations to the external envelope, and new finishes throughout. The principal accommodation has been leased to the Intermediate Capital Group and Crowe UK.
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Woolgate Exchange, Basinghall Street, EC2
In January 2012, Greycoat advised on the purchase of Woolgate Exchange, a landmark freehold office and retail asset in the heart of the City of London. Developed in 2000 by MEPC plc Woolgate Exchange provides highly specified office and ancillary accommodation over three basement levels, ground and eight upper floors.
The pricing at the time of purchase was significantly below long term investment fundamentals for a core asset with over nine 9 years of secure income. In addition there were opportunities for active asset management, with the building being substantially under-let, with a reversionary income profile. The asset was sold in July 2014 following a material improvement in the occupational and capital markets.
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Devonshire Square / Cutlers Gardens Estate, EC2
Sourcing & Acquisition
Corporate Management
Asset & Development Management
Leasing
Greycoat was initially retained as Asset Manager in 2003 when the anchor tenant, AON, was in discussions to relocate to Canary Wharf. The Estate of 12 buildings was in need of a fresh approach and a master plan was formulated to reposition the asset, including a new planning consent for retail-led landscaped courtyards, a hotel and a residential block. This was coupled with the introduction of an occupier-led service culture and a complete re-brand as Devonshire Square.
The successful implementation of this strategy meant that Greycoat were able to retain AON on enhanced lease terms through a programme of refurbishment with AON in full occupation. When the Estate was sold in 2006, Greycoat was retained by the subsequent owners, improving rental income by 25% and overseeing a financial restructuring that facilitated a successful sale in 2012.
Most recently, the Estate has changed hands again and Greycoat were brought in to advise the new owner WeWork on asset management due diligence.
CloseGreycoat Central London Office Development Fund
In 2006 Greycoat established a development fund, raising approx. £130m of equity for office projects in central London. Acting as Development Manager, Greycoat acquired three new sites:
30 Crown Place EC2, situated just to the north west of Liverpool Street station, was delivered in January 2009. The scheme comprised approx. 200,000 sq ft of new Grade A office and retail accommodation designed by architects Horden Cherry Lee, and was fully let to law firm Pinsent Masons LLP.
101 New Cavendish Street W1, also completed in February 2009, was developed to provide approx. 92,000 sq ft of offices and 7,500 sq ft of residential accommodation in the West End. The offices were fully let to a variety of tenants including University of Westminster.
Tower House comprised an existing office building above Tower Hill Underground Station. Greycoat achieved a planning consent for a new Shepherd Robson Architects scheme comprising approximately 100,000 sq ft of new offices, together with a new station entrance. Subsequently Greycoat worked in joint with citizenM for a new 370 bedroom hotel, securing a revised consent before the site was sold.
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Watermark Place, Upper Thames Street, EC4
Sourcing & Acquisition
Asset & Development Management
Leasing
This freehold asset was completed in 2009 and provides Grade A accommodation overlooking the river Thames. Designed by architects Fletcher Priest, it comprises large open floor plates of up to 62,000 sq ft over lower ground, ground and 11 upper floors, with an expansive double-height entrance accessed from Angel Lane.
Initially retained as Development Manager by UBS, Greycoat secured planning consent for redevelopment of the former Mondial House telephone exchange, which included working with London Fire Brigade to provide a new fire station. The development was subsequently funded by Oxford Properties and fully let to Nomura.
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20 Gresham Street, EC2
Sourcing & Acquisition
Asset & Development Management
Leasing
This Kohn Pedersen Fox architects scheme in the heart of the City of London was completed in September 2008. Occupying a prominent site at the junction with Wood Street, the building provides large flexible floor plates ranging from between 26,500 and 34,600 sq ft.
Greycoat acted as Development Manager to acquire the site, discharge all third party maters, secure a new planning consent, undertake the development, and secure a majority letting to Standard Bank on completion.
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Moor House, London Wall, EC2
Sourcing & Acquisition
Asset & Development Management
Leasing
Moor House formed the building blocks of the Asset Management business at Greycoat. Originally purchased in 1987, it comprised 98,000 sq ft of offices let on short term leases. However a change in market conditions led to a prolonged period of letting and re-letting, intensively managing the asset to retain tenants and maximise income until redevelopment was viable.
Greycoat acted as Development Manager for the subsequent scheme, designed by world renowned architects Foster + Partners and completed in 2005. This saw the creation of a new landmark building in the heart of the City of London, providing Grade A office and retail accommodation over basement, lower ground, ground, mezzanine and 16 upper floors, with panoramic views over central London.
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