14 Feb 2017
L&G Commences 111,000 SQ FT City Office Refurbishment
Legal & General has announced that it has started a comprehensive refurbishment of Senator, 85 Queen Victoria Street, London EC4.
Senator is owned by Vantage, a joint venture London office partnership between Legal & General Capital and PGGM.
Works are now underway by GRAHAM Construction to deliver 111,000 sq ft of premium refurbished workspace in a prime location which will be available for occupiers from December 2017. Designed by Ben Adams architects, the repositioning of this asset capitalises on its unique position between St Paul’s and the river and will include a new seventh floor roof terrace with stunning views, a café, new landscaping, public realm, and re-clad exterior.
With four flexible light-filled upper floor plates of 20,000 sq ft, Senator will provide occupiers from all sectors the opportunity to secure a world-class headquarters with a robust specification coupled with elegant design.
Nigel Fuller, Senior Fund Manager at Legal & General, said: “This refurbishment will be a strong example of how we can transform existing buildings in prime urban locations to make them suitable for today’s modern working environment. There is a huge demand for this type of work space from blue chip occupiers who recognise the importance of its work environment to improve its staff’s well-being and productivity.”
As part of the extensive refurbishment, the building aims to achieve a BREEAM Excellent energy rating. Legal & General is committed to achieving the highest sustainability standards on all of its buildings and in this year’s annual Global Real Estate Sustainability Benchmarking (GRESB) survey Legal & General retained Green Stars (the Upper Quartile accolade) for Vantage as well as all of its other funds across the platform.
For leasing enquiries, please contact joint agents JLL or Allsop.
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LGIM Real Assets
LGIM Real Assets is a division of Legal & General Investment Management (LGIM), one of Europe’s largest institutional asset managers and a major global investor. LGIM manages £842bn in assets on behalf of over 3,200 clients (as at 30 June 2016), providing products and solutions spanning all asset classes. LGIM Real Assets, headed up by Bill Hughes, has AUM of £21.1bn (as at 30 June 2016), actively investing and managing assets across commercial property, private residential, infrastructure and property lending and, most recently, corporate credit.