Moorevale Latest News

63 St Mary Axe, London EC3

2011-08-11T17:49:00.014+01:00

Moorevale have partnered Rockspring PIM in the acquisition and refurbishment of this important City core building. Having purchased the building at the beginning of 2011, plans are well advanced to being the extensive refurbishment programme at the start of 2012. A successful planning application has given scope to enlarge the building by an extra two floors. Timing of the delivery of some 85,000 sq ft of top quality city specified office space is anticipated for early 2013 at a time where supply of office stock will show the results of continued compression.

110 Cannon Street, London EC4

2011-08-11T17:43:00.006+01:00

Moorevale have been appointed by Universities Superannuation Scheme Ltd (USS) to drive the refurbishment programme at 110 Cannon Street. The building was acquired from Land securities in June of 2011 and is already a construction site with practical completion scheduled for early 2012. This mini tower will provide some 75,00 sq ft of high grade office space with the most splendid views across the City and over the River Thames.

65 Southwark Street, London SE1

2010-11-03T10:06:00.004Z

Moorevale are delighted to report that they have secured planning consent to provide a new state of the art office building opposite Bankside with an increased net lettable floor area of 54%. The new HQ building will provide just under 55,000 sq ft. Construction will start early in 2011 and completion is expected in mid 2012.

65 SOUTHWARK STREET

2010-03-26T11:01:00.004Z

Moorevale are delighted to announce that they have been confirmed as development managers for 65 Southwark street, London SE1 by Rockspring Property Investment Managers, having successfully sourced and managed the acquisition on their behalf. The building is superbly located opposite Land Securities’ Bankside scheme and will undergo a comprehensive refurbishment ready for occupation in mid 2012.

SHERBORNE HOUSE, CANNON STREET

2010-03-25T16:44:00.007Z

Moorevale have completed the refurbishment of Sherborne House, Cannon Street, London EC4 on behalf of Allianz Real Estate Germany. The available space totals just over 27,000sq ft arranged over 4 floors - please see www.sherborne-house.com for more details.

WESTON HOUSE, HIGH HOLBORN

2010-03-25T16:44:00.006Z

Moorevale, on behalf of Allianz Real Estate Germany have also restructured 4 leases with occupiers at Weston House, High Holborn, London WC1. The remaining space and common areas are undergoing a full refurbishemnt.

16-18 NEW BRIDGE STREET

2010-03-25T16:43:00.002Z

Moorevale have successfully let the entire ground, 3rd and 4th floors in their New Bridge Street, London EC4 scheme with GE Real Estate. The building has been completely rebuilt to a Grade A specification and now leaves only 12,500 sq ft available. Please see www.16-18newbridgestreet.co.uk for full detail.

APACHE CAPITAL PARTNERS

2010-03-25T12:46:00.002Z

Moorevale are delighted to have been selected by Apache Capital Partners to implement the sourcing, acquisition and management of the Office element of their commercial property Fund. The Fund is expected to raise equity of £300m and will be invested in good quality, management intensive property. Paul Orchard-Lisle, chairman of Apache, said "the UK property market is nearing the perfect time for the counter-cyclical buying opportunity of a generation".

SPACE AVAILABLE IN CANNON STREET

2009-11-03T17:39:00.006Z

Sherbourne House in the heart of the City is soon to have some vacant space available to let. Letting agents Drivers Jonas and Atisreal are appointed to seek tenants for up to 34,000 sq ft in floors from as little as 2,020 sq ft on very competitive terms. www.sherborne-house.com

RETAIL SPACE GOES UNDER OFFER

2009-11-03T17:39:00.005Z

The building works at 16-18 New Bridge Street are complete and will be launched to the market shortly. Our agents EA Shaw and Jones Lang LaSalle have been fielding interest and have conducted several pre-completion viewings of all the floors.

Our retail agents Nash Bond have also been productive and have the entire ground floor retail space under offer. We expect the lease to be signed in the next two weeks.

CHARLIE BISHOP JOINS MOOREVALE

2009-11-03T17:39:00.003Z

We are delighted to announce that Charlie Bishop has now joined Moorevale as director responsible for building the property portfolio. Charlie joins from British Ensign Estates where he spent five years as director. Prior to that Charlie spent fourteen years with Cushman and Wakefield, latterly as head of the City of London Investment Team.

NEW BRIDGE STREET, London EC4

2009-11-03T17:39:00.001Z

On-site works are progressing well on our scheme in New Brige Street. We are working with Kier Group and are on schedule to create 22,000 sq ft of grade A specification office space next year. We have launched our marketing website which will be updated periodically over the next few months.

TENTERDEN STREET, London W1

2009-11-03T17:37:00.000Z

We delighted to announce the building has been sold to a private organisation for owner occupation. The price achieved was £25 million which reflects an unleveraged return for the project of over 25%25.