Slide 1: London Property Tour 27 and 28 September 2016
HELICAL London Property Tour 27 and 28th September 2016
Slide 2: Slide 2
Slide 3: Charterhouse Square, One Creechurch Place, One King Street
23-28 CHARTERHOUSE SQUARE EC1 ONE CREECHURCH PLACE EC3 ONE KING STREET W6
Slide 4: London Overview
LONDON OVERVIEW + After Brexit ‘shock’ market confidence returning - stand off between purchasers and sellers * Whilst leasing activity slowed leading up to Brexit, only one reported letting, GAM, cancelled * HI 2016 take up in central London 5.6m sq ft!. Forecast 10m sq ft for full year (10 year av
Slide 5: City and Tech Belt Take-Up
CITY AND TECH BELT TAKE-UP SOURCE: SAVILLS : , mam Q1 Q2 mmm Q3 mmmQ4 ——LT Avg * Leasing activity slowed in advance of the 9,000,000 referendum on EU membership... 8,000,000 - ; ; = 7.000.000 - * _...and this trend was continued into July and August = ¢ 999,000 - 2016 $5,000,000 | 2 4,000,000 + oO *
Slide 6: City and Tech Belt Supply/Availability
CITY AND TECH BELT SUPPLY/AVAILABILITY * The City and Tech Belt vacancy rate remains low, but has risen to 5.2% at the end of August 2016 * The supply/demand balance has risen to 13, and remains well below the 20+ level than is normally associated with rental falls * 18% of the 2017-2020 pipeline is
Slide 7: City and Tech Belt Rental Trends
CITY AND TECH BELT RENTAL TRENDS Number of deals Headline rents on Prime and Grade A property in the City and Tech Belt have continued to rise Nearly 50% of the lettings this year have been at rents in excess of £60/sq ft July 2016 saw the highest ever rent achieved in the City of London (£107/sq ft
Slide 8: Development Programme Completion Dates
DEVELOPMENT PROGRAMME COMPLETION DATES Sait 2016 2017 2018 cioiesetore) ONE CREECHURCH PLACE 250,000 ONE BARTHOLOMEW CLOSE 200,000 THE BOWER, TOWER 150,000 THE LOOM 100,000 POWER ROAD 25 STUDIOS CHARTERHOUSE 50,000 SQUARE 90 BARTHOLOMEW | CLOSE ; a Sept Mar Apr Sept May mLlet m Space to Let v4 Space
Slide 9: Tuesday 27th September 2016
TUESDAY 27'74 SEPTEMBER 2016 WEST LONDON 15:05 The Shepherds Building, Rockley Road, Shepherds Bush, W14 15:45 Power Road Studios, 114 Power Road, London, W4 16:30 Hammersmith Town Hall, London, W6 17:00 One King Street, London, W6
Slide 10: West London Portfolio
WEST LONDON PORTFOLIO ONE KING STREET WO e 1 {fai wt = « ‘ — i —
Slide 11: The Team Today
THE TEAM TODAY Gerald Kaye Chief Executive Tom Anderson Senior Investment Executive an Tim Murphy Finance Director a John Inwood Head of Asset Management im Bruno Rodrigues Saco Development Analyst Matthew Bonning-Snook Development Director Blanche Longley Asset Management Executive Francesca Palman
Slide 12: Slide 12
Slide 13: The Shepherds Building, W14
THE SHEPHERDS BUILDING, W14 www.theshepherdsbuilding.com 150,000 sq ft multi let office building. Fully let. Ongoing asset management potential * Acquired in 2000 * Contracted rent £6.3m * Recently completed a refurbishment of common parts * Refurbishment of the WCs ongoing * Media focussed hub, wit
Slide 14: 12
12
Slide 15: Power Road Studios, W4
POWER ROAD STUDIOS, W4 www.power-road-studios.co.uk 62,000 sq ft multi let office campus. Asset Management, extension and refurbishment opportunities. * Acquired December 2015 for £34.3m, 4.4% NIY * 2acre site providing scope for additional develooment * Average rents at acquisition £24.50 psf * New
Slide 16: Hammersmith Town Hall
HAMMERSMITH TOWN 1 = ball :
Slide 17: Hammersmith Town Hall, W6
HAMMERSMITH TOWN HALL, W6 196 residential units. 40,000 sq ft council office. 3 screen cinema. 12,000 sq ft restaurant/retail space. Viability being reassessed. * A 50/50 joint venture with Grainger plc. The joint venture has entered into a development agreement with the London Borough of Hammersmit
Slide 18: 16
16
Slide 19: One King Street, W6
ONE KING STREET, W6 39,000 sq ft multi let offices and retail building. Fully let. cr) * Acquired January 2012 from LPA receivers for £14.1m: 3.95% NIY * 13,000 sq ft of retail in 8 Units * 26,000 sq ft of offices over 5 floors * Asset management since acquisition: — Two vacant office floors refurbi
Slide 20: Slide 20
Slide 21: Wednesday 28th September 2016
WEDNESDAY 28'" SEPTEMBER 2016 CITY & TECH BELT 14:00 The Loom, 14 Gowers Walk, E1 14:45 One Creechurch Place, EC3 15:30 C-Space, 37-45 City Road, EC1 The Warehouse & The Studio, The Bower, 207 Old Street, EC] 15:50 The Tower, The Bower, 207 Old Street, EC1 16:30 25 Charterhouse Square, EC1 Residenti
Slide 22: City and Tech Belt Portfolio
CITY AND TECH BELT PORTFOLIO 23-28 CHARTERHOUSE SQUARE EC1 DRURY LANE & DRYDEN STREET WC2 ah is a PLACE EC3 20
Slide 23: The Team Today
THE TEAM TODAY Gerald Kaye Tim Murphy Matthew Bonning-Snook Duncan Walker Chief Executive Finance Director Development Director Investment Director Tom Anderson John Inwood Pavlos Clifton Oliver Rippier Helen Morris Senior Investment Head of Asset Senior Development Development Executive Development
Slide 24: | i DUT Ge HI wi NI
| i DUT Ge HI wi NI Mi, ar elicit Mt he a ag aes BCL
Slide 25: The Loom, E1
THE LOOM, E1 www.theloom-el.com 110,000 sq ft multi let office building. Refurbishment completed. 32,500 sq ft to let. * Acquired July 2013 for £34.2m (£304 psf). 4.4% NIY + Average rent at acquisition £18.25 psf * Lease events completed since acquisition * 25 new lettings * 10 renewals * 7 Rent rev
Slide 26: 24
24
Slide 27: One Creechurch Place, EC3
ONE CREECHURCH PLACE, ECS www.onecreechurchplace.com 272,600 sq ft offices. Under construction. To be let. * Anew Grade A high quality development of offices on level 1- 17 with typical floors of c. 16,000 sq ft of 272,600 sq ft and a retail unit at ground floor * 500 bicycle spaces and 500 lockers
Slide 28: ll
ll
Slide 29: C-Space, EC1
C-SPACE, EC!1 www.cspacelondon.co.uk 62,000 sq ft offices. 75% let. * A major refurbishment of a former carpet factory * Incorporates a new office reception within a courtyard pavilion and a pedestrian link between City Road and Tabernacle Street * Ground floor cut back to allow light into lower gro
Slide 30: a i E = ell! a
a i E = ell! 2 a - r g E 3 \ WE REA WHASREL AEE
Slide 31: The Warehouse & The Studio, The Bower, 207-211 Old Street, EC1
THE WAREHOUSE & THE STUDIO, THE BOWER, 207-211 OLD STREET, EC! www .theboweroldst.com 140,286 sq ft multi let offices. 9,541 sq ft retail. Fully let. * Amajor refurbishment with the addition to The Warehouse of new extensions at Levels 1, 2 and 3 and two new floors at Levels 8 and 9 * Anew building
Slide 32: Slide 32
Slide 33: The Tower, The Bower, 207-211 Old Street, EC1
THE TOWER, THE BOWER, 207-211 OLD STREET, EC! www .theboweroldst.com 171,158 sq ft offices. 7,642 sq ft retail. Major refurbishment. To be let. * New building using existing frame with new ‘wings’ at each floor level and three additional floors at top * 17 floors in total. 9,500 tO 11,350 sq ft * A
Slide 34: Bea
EC] , iW Bea oS U
Slide 35: Charterhouse Square, EC1
25 CHARTERHOUSE SQUARE, EC1 38,518 sq ft offices. 5,160 sq ft retail. Under construction. To be let. *« A major refurbishment taking building back to the existing frame and with a new core to provide new Grade A office space from levels 1 to 6 with two ground floor retail units ¢ Air conditioning, 9
Slide 36: Slide 36
Slide 37: Residential Phases 1 & 2, Barts Square, EC1
bi RESIDENTIAL PHASES 1 & 2, BARTS SQUARE, EC] www.bartssquare.com Forming part of the 3.2 acre mixed use redevelopment adjacent to West Smithfield. High quality design incorporating the retention of a number of historic facades and extensive public realm improvement. Phase 1 123,579 sq ft residenti
Slide 38: Barts Square
ARTHOLOMEW coh RTS SQUARE, eg AX
Slide 39: One Bartholomew Close, Barts Square, EC1
ONE BARTHOLOMEW CLOSE, BARTS SQUARE, EC1 www.bartssquare.com 213,000 sq ft offices. Under construction. To be let. * Anew Grade A building, over ground and 11 upper levels with typical floors of ¢.19,000 sq ft * Terrace on 10th floor with magnificent views of St Paul’s Cathedral * Top specification
Slide 40: Bartholomew Close, Barts Square
90 BARTHOLOMEW CLOSE, BARTS SQUAR ha
Slide 41: Bartholomew Close, Barts Square, EC1
90 BARTHOLOMEW CLOSE, BARTS SQUARE, EC1 www.bartssquare.com 23,508 sq ft offices, 5,673 sq ft retail/restaurant. Under construction. To be let. * Anew Grade A office, built behind a historic facade with a prominent restaurant unit at ground and lower ground levels. The office accommodation is arrang
Slide 42: Disclaimer
DISCLAIMER Whilst we have taken all reasonable care to ensure that the information and material contained in this presentation is accurate at the time of its distribution, no representation or warranty, express or implied, is made as to its accuracy or completeness. The presentation should not be co
Slide 43: Slide 43
Slide 44: Hanover Square, London
5 Hanover Square London WIS 1HQ 0207 629 O113 www .helical.co.uk @helicalple HELICAL