Helical and a vehicle managed by Orion Capital Managers have agreed the £333m forward sale of 100 New Bridge Street in the City of London to an undisclosed buyer.
The deal for the 195,000 sq ft office scheme will complete on practical completion of the comprehensive refurbishment of the 10-storey building, which is expected in April 2026.
Helical and Orion Capital Managers will continue to deliver the development through to completion of the works.
Matthew Bonning-Snook, CEO of Helical, said: “This transaction is a true reflection of the quality of 100 New Bridge Street as a London headquarters destination. The very strong interest we received in the scheme over a year ahead of completion is testament not only to its best-in-class characteristics, but also the acute shortage of prime office space within the submarkets Helical has targeted as part of its significant development programme.”
Aref Lahham, founding partner and managing director of Orion Capital Managers, added: “The sale of 100 New Bridge Street, following the leasing success of Panorama St Paul’s, represents a further vindication of Orion’s strategy to gain exposure to leasing risk in new best-in-class offices in the most in-demand locations across gateway cities in Europe. This transaction successfully capitalised on the intensifying occupier demand for the revitalised heart of the City of London amidst increasing supply constraints.”
Helical and Orion Capital Managers were advised by Knight Frank and Ingleby Trice. The undisclosed purchaser is an S&P 500 listed global business with net assets of more than $10bn.
