Loom Court, Norton Folgate

12 Fleur De Lis Street, London, E1 6BP, UK

Description

Loom Court, 12 Fleur De Lis Street, is a stunning canvas of best-in-class, sympathetically redeveloped space. Stirling prize-winning architects AHMM’s vision mixes the building’s original character with exciting contemporary design. With 47,151 sq ft of workspace and 3,453 sq ft of courtyards and terraces; its all-electric, ultra-low embodied carbon design features a refurbished warehouse façade together with fresh new architecture.

Within walking distance of Spitalfields Market, the Broadgate Estate, and Brick Lane's vibrant streetscape, occupiers enjoy access to a wealth of public realm and cultural diversity. Enhanced by Elizabeth Line connectivity at Liverpool Street, the building benefits from an attractive position in the epicentre of the City's premier business district. Loom Court is situated in a vibrant & exiciting location and has become the home to a new generation of talent.

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Attributes

Building area net

4,547 sm

Occupancy

100%

Year built

2024

WAULT to expiries

7.4 years

WAULT to breaks

3.6 years

EPC

Grade A

BREEAM

Excellent

Floors

Tenure

Leasehold

Asking price

¥13,516,795,000

Cap rate

5.5%

Media

Investment highlights

Loom Court forms part of British Land's Norton Folgate development, a 340,000 sq ft mixed use quarter which is made up of eight buildings.
Excellent transport links, with four tube lines (Metropolitan, Hammersmith & City, Circle, Central), the Elizabeth Line, two major rail stations (Liverpool Street, Moorgate) and four cycle routes.
48,941 sq ft of best-in-class office, retail and ancillary accommodation arranged over ground and five upper floors.
The Net Zero Carbon, all-electric building boasts exceptional sustainability credentials, including an EPC 'A' rating, BREEAM 'Excellent' certification, and WiredScore Platinum certification.
100% let to four office and one restaurant tenant: including On Running, Red Global, Concord Music and BBD Perfect Storm, with 43% of the income secured against On Running.
Producing a headline gross passing rent of £3,931,590 per annum (£80.33 per sq ft).
Total net passing rent of £3,735,010 per annum.
WAULT of 7.4 years to expiries and 3.6 years to tenants' options to determine.
Held long leasehold from the City Corporation, with approximately 148 years unexpired and geared to 5.00% of rents receivable.