London Offices

Regent's Place

Located on the Marylebone Road/Euston Road corridor, one of London’s main road arteries, Regent’s Place occupies a prominent position at the north of the West End, with significant transport links - four underground stations are within walking distance and Euston Station is also nearby. The estate comprises a distinctive and striking mix of buildings, providing offices and public spaces with a range of facilities including a crèche, health and fitness club, supermarket, coffee and sandwich outlets and wine bar.

Two further phases of development will double the size of the estate from 1 million sq ft to 2 million sq ft. Phase 1, at Osnaburgh Street, is under construction to include two office buildings totalling 365,000 sq ft, plus 151 residential units. Completion is due Q3 2009.

Facts and figures

Value £702m
1m sq ft office, retail and leisure accommodation
5 buildings, plus development
13 acre site, West End of London
Close to Euston mainline and 4 underground stations
4.9 acres for further development in two phases, Phase 1 is currently under construction
Community website www.vicinitee.com
Mainly freehold
100% owned
Rent passing £37m pa
Average office passing rent £36.90 per sq ft
Weighted average lease term including breaks 11.9 years, to expiry 14.7 years

Tenants include

Abbey
Atos Origin
Balfour Beatty
British Telecom
Capital One
Elexon
General Medical Council
HM Government
Hodder Headline
JP Morgan Chase Bank
Regus

As at 31 March 2008