Legal & General has announced that it has started a comprehensive refurbishment of Senator, 85 Queen Victoria Street, London EC4.
14 Feb 2017
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.
Notes to editors
Legal & General Investment Management Real Assets (LGIMRA) is a division of Legal & General Investment Management (LGIM), one of Europe’s largest institutional asset managers and a major global investor. LGIM manages £1.28tn in assets (as at 31 December 2020), working with a range of global clients, including pension schemes, sovereign wealth funds, fund distributors and retail investors.
LGIM Real Assets has assets under management of £36.3bn (as at 31 December 2020) and is one of the largest private markets investment managers in the UK. Investing in both debt and equity and across the risk/return spectrum, LGIM Real Assets actively invests in and manages assets across commercial, operational and residential property sectors, as well as infrastructure, real estate, corporate and alternative debt.
Taking a long term view in order to future proof our investments, LGIM Real Assets continues to lead the industry in ESG performance, considering all environmental, social and governance issues at asset level as well as portfolio level. In 2021, we are implementing a strategy as part of our commitment to net zero carbon emissions across the real estate equity business by 2050, and have also committed to measuring social value across 20% of our platform by the end of the year.
(As of June 2021)
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