Central London City

The team is led by five partners, covering investment, leasing, development and asset management in London’s City and City Fringe real estate markets. Our partners have extensive experience specialising in the City sector, supported by a team of Associates and Surveyors.

SPECIALISMS

The City team provides joined up investment, leasing and development advice to outfperform.
We provide asset management and development consultancy advice to key clients.

LEASING TEAM

Advising on over 4,500,000 sq ft (including development pipeline) of office accommodation.
Currently under offer on 130,000 sq ft of office accommodation.
City Team has 950,000 sq ft of office accommodation currently available.
70% of our work is Landlord instructions, including Trilogy, British Land, Brookfield, Resolution Property, Legal & General and Dorrington.

DEVELOPMENT CONSULTANCY

Our development consultancy team currently advise on over 6,000,000 sq ft of mixed-use accommodation which will be delivered over the next five years.

INVESTMENT TEAM

Advised on over £1.5Bn of real estate capital transactions in the last 24 months.
Office, retail and mixed-use investments including hotels.
With our experience and depth of relationships over half of our investment purchases are conducted and exercised off-market.
Transactions range from £5M freehold investments to £280M trophy assets.

CLIENTS

A wide variety of high net worth investors including: British Land, Brookfield, Land Securities, Derwent London, City of London, LaSalle IM, Aviva, Mizuho, Capreon, Peel Hunt, London & Regional Properties, Abrdn, Legal & General, Castelforge, Trilogy, Resolution, Dukelease & Henderson Park, Mayfair Capital and General Projects.

WHY ALLSOP?

We are a Partner-led team.
We have an in-depth working knowledge of London’s City property market, our expertise encompasses both the investment and leasing markets, which allows us to provide clients with a joined up approach and to outperform.
We are exceptionally creative in the way we approach transactions and uniquely professional in the way we conduct our business.
We have unrivalled access to off-market opportunities.

Transactions

ACQUISITION

99 City Road, EC1

Freehold HQ of c.165,000 sq ft on the Old Street roundabout
Let to Inmarsat Plc until Nov 2029 with a tenant break option in Nov 2024
Purchased on behalf of Endurance Land and Nan Fung

Investment: £150m

INVESTMENT

Warehouse K, E16

Long leasehold 108,479 sq ft building in the heart of large infrastructure projects and mass regeneration
51% (by income) let to the government. Remaining accommodation let to a variety of tenants

Sold: £45m

INVESTMENT

1 Golden Lane, EC1

Freehold Grade II Listed Office Building of 106,892 sq ft
Acquired with vacant possession to provide a sustainable ESG compliant office HQ adjacent to the Elizabeth Line
Client: Castleforge

Acquisition: £75.00m

OFF MARKET TRANSACTION

Oval Works

Virtual Freehold Grade A office building of 76,800 sq ft
Vacant Possession Forward funding purchase of a brand new building arranged over ground and 6 upper floors
Delivery expected 2025
Client: Land Securities

Investment: £60.9m

CURRENTLY LETTING

Norton Folgate / Blossom Yard, EC2

340,000 sq ft office and retail lead scheme on behalf of British Land and the City of London
Located opposite Principal Place which Allsop pre let to Amazon for their European HQ
127,000 sq ft pre-let to Reed Smith LLP

Delivery Q4 2023

INVESTMENT

29-47 East Road, N1

Freehold prominent 119,410 sq ft site with planning consent for 23-storey office and hotel building
Vacant Possession
Hotel will comprise 210 rooms above 26,404 sq ft (NIA) office accommodation

Sold: £30m