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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.
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.
Further information
Olivia Bayliss
Head of Communications
Capital and LGIM Real Assets
Notes to editors
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 £1.29 trillion1 ($1.57tn) in
assets, 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 billion2 ($43.8bn) 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.
1LGIM internal data as at 30 June 2022. These figures include assets managed by LGIMA, an SEC Registered Investment Advisor. Data includes derivative positions.
2Source: LGIM Real Assets. AUM data as at 30 June 2022.
*at 13 Jan 2023
IMPORTANT INFORMATION
For professional clients only. Past performance is not a guide to the future. The value of an investment and any income taken from it is not guaranteed and can go down as well as up, you may not get back the amount you originally invested. Views expressed are of LGIM as at 12 January 2023. The Information in this document (a) is for information purposes only and we are not soliciting any action based on it, and (b) is not a recommendation to buy or sell securities or pursue a particular investment strategy; and (c) is not investment, legal, regulatory or tax advice. Legal & General Investment Management Limited. Registered in England and Wales No. 02091894. Registered Office: One Coleman Street, London, EC2R 5AA. Authorised and regulated by the Financial Conduct Authority, No. 119272.