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http://www.propertyweek.com/news/offices/axa-and-blackrock-put-6-bevis-marks-on-the-block-for-220m/5078516.article?origin=PWbreakingnews

06/01/2016

Axa and BlackRock put 6 Bevis Marks on the block for £220m

Axa Real Estate Investment Managers and BlackRock are set to put 6 Bevis Marks in the City of London up for sale for around £220m.

6 Bevis Marks

The 160,000 sq ft office building will embark on a road show next week, marketing the building to both domestic and overseas investors.

The building, which was completed in the summer of 2014, is 75% occupied and subject to a flurry of substantial letting deals last year. In July the owners announced 56,000 sq ft of lettings to companies including Navigator Insurance, which took 22,000 sq ft across the seventh and eighth floors of the building at a rent of £60/sq ft, and financial firm Cardano, which agreed a lease on the 13,000 sq ft ninth floor at a rent of £63/sq ft. A further 4,900 sq ft on the fifth floor is currently under offer.

Other occupiers include shipping services company Braemar, financial company Maven and recruitment firm Gravitas.

Located close to the Gherkin and Liverpool Street Station, where the new Crossrail station is due to open in 2018, the building has a 16th floor rooftop garden square, a ground floor business lounge, as well as 12,000 sq ft of retail space on the ground floor. Over the last 14 years, Axa Real Estate has developed over 250 projects in six European countries with a gross development value exceeding €9bn (£6.6bn), and currently has €5bn of projects under management.

In London, the projects include the 400,000 sq ft Kings Cross office development, ‘Sixty London’, a 210,000 sq ft City of London grade A office development, and its 60,000 sq ft One St Paul’s development.

The building was awarded a BREEAM Excellent rating for its environmental performance.



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