Country-Specific Info

LaSalle Fully-Lets two buildings on London’s Historic Throgmorton Avenue

February 11, 2015 – LaSalle Investment Management, a leading global real estate investment manager, has announced that it has fully-let its two building’s on London’s historic Throgmorton Avenue, EC2, as demand remains high for quality office space in the City.

Recruitment company BMS Sales Specialists signed a new ten-year lease for the final 2,056 square feet on the first floor of 4-6 Throgmorton Avenue, at a rent of £53.50 per square foot.                                

This follows the letting to The Federation of Oils, Seeds and Fats Associations (“FOSFA”) in August, which saw it agree a ten-year lease for 2,073 square feet on the building’s third floor at a rent of £43 per square foot.

Next door at 2-2a Throgmorton Avenue, intellectual property law firm Lane IP took 2,670 square feet on the building’s first floor on a five-year lease for a rent of £45 per square foot.

Throgmorton Avenue is positioned between Throgmorton Street and London Wall on a private gated thoroughfare belonging to the Drapers’ livery company and Carpenters’ livery company. It is five minute walk from both Bank Underground and Liverpool Street rail and underground stations.

4-6 Throgmorton Avenue is 10,930 square feet listed period office building that has been extensively refurbished to provide high quality accommodations across its six storeys. 2-2a Throgmorton Avenue provides 16,508 square feet of Grade A office space following its refurbishment arranged over basement, ground and five upper floors.

Gary Player, Head of London Business Space at LaSalle Investment Management, said: “Both Throgmorton Avenue buildings capture the benefits of a central City location. Bank and Liverpool Street stations are all found within a six minute walk of the property, and the pedestrianised avenue has evident appeal to many City of London workers.”

LaSalle was advised by JLL and Newton Perkins on the office lettings. BMS Sales Specialists were advised by Dohertybaines; FOFSA was advised by BBG; and Lane IP was not represented.

About LaSalle Investment Management 

LaSalle Investment Management, Inc. (together with its global investment advisory affiliates, “LaSalle”) is one of the world’s leading real estate investment managers. LaSalle on a global basis manages approximately $60 billion as of Q1 2018 of private and public equity and private debt investments. LaSalle’s diverse client base includes public and private pension funds, insurance companies, governments, corporations, endowments and private individuals from across the globe. LaSalle sponsors a complete range of investment vehicles including separate accounts, open- and closed-end funds, public securities and entity-level investments. LaSalle Investment Management, Inc. is a wholly-owned, operationally independent subsidiary of Jones Lang LaSalle Incorporated (NYSE: JLL), one of the world’s largest real estate companies. For more information please visit www.lasalle.com

This information is based on the market analysis and expectations of LaSalle and should not be relied upon by the reader as research or investment advice regarding LaSalle funds or any issuer or security in particular. The information presented herein is for illustrative and educational purposes and is not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy in any jurisdiction where prohibited by law or where contrary to local law or regulation. Any such offer to invest, if made, will only be made by means of a private placement memorandum. Past performance is not indicative of future results.