UK real estate firm Helical and a fund managed by Orion Capital Managers have announced the sale of a 拢333m (鈧�382.3m) London office property to an unnamed global business listed on the S&P 500.
91传媒在线, however, understands that State Street is the buyer of the 100 New Bridge Street building.
Helical and Orion Capital have agreed to a forward sale of Helical Bicycle 3, the company that owns the 10-storey building in EC4, with the disposal expected to be finalised once the building is completed in April 2026.
The building is being refurbished and will deliver 195,000sqft of office space.
Helical鈥檚 share of the sale price is 拢166.5m. On completion of the sale, an amount drawn under a 拢155m development facility will be repaid.
Matthew Bonning-Snook, CEO of Helical, said: 鈥淭his transaction is a true reflection of the quality of 100 New Bridge Street as a London headquarters destination.
鈥淭he very strong interest we received in the scheme over a year ahead of completion is testament not only to its best-in-class characteristics, but also the acute shortage of prime office space within the submarkets Helical has targeted as part of its significant development programme.鈥�
Aref Lahham, founding partner and managing director of Orion Capital Managers, said: 鈥淭he sale of 100 New Bridge Street, following the leasing success of Panorama St Paul鈥檚, represents a further vindication of Orion鈥檚 strategy to gain exposure to leasing risk in new best-in-class offices in the most in-demand locations across gateway cities in Europe.
鈥淭his transaction successfully capitalised on the intensifying occupier demand for the revitalised heart of the City of London amidst increasing supply constraints.鈥�
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