Milton Gate, Chiswell St London Building, Project, Photo, News, Design, Property
Milton Gate London
City Office Development: Architecture Information – design by Denys Lasdun
6 Jun 2010
Chiswell St, City of London
Design: Denys Lasdun Peter Softley & Associates
Distinctive green glass office block at Chiswell Street on the edge of the City of London.
“Milton Gate is a landmark building in core City of London location, occupying an island site within the immediate vicinity of City Point, One London Wall and the newly developed Ropemaker Place offices. A comprehensive refurbishment was completed in 2007 and the tenant, Addleshaw Goddard LLP, completed exceptional fitting out works in order to occupy the space as their flagship headquarters.
Evans Randall acquired this office property on Chiswell Street in June 2009 for £127 m, representing a net initial yield of approximately 7.5%. The deal was transacted off-market and completed in an extremely aggressive three week timeframe.
The property transaction required total equity of approximately £25 m, which was approximately 50% oversubscribed. The acquisition marked the bottom of the prime City office investment downturn, achieving extremely attractive yield of 7.5%.”
This city office building was refurbished by London architects Squire & Partners in 2007
Denys Lasdun architect
Location:Milton Gate, Chiswell St, London