Augustine House

AddressAugustine House, Austin Friars, London EC2
Size2784 m2 / 29,965 sq. ft.
Acquisition Pricec.£21,500,000
Goldstone Main RolesAcquisition, Asset Management, Leasing and Financing, Project Management
  • Advise on the acquisition of a multi-let office building in City of London c.£21.5m in 2020
  • Arrange 50% debt finance prior to acquisition completion
  • Create and manage the asset management business plan and implement agreed asset strategies
  • Refurbishment of empty lower ground floor and reception, to include alternative uses/provision of cycle racks, showers and create excellent facilities in the building.
  • Manage vacant office floor refurbishment design and built process, select the most competent contractor and oversee the construction process
  • Quarterly reporting including the financial and operational performance with market analysis
  • Re-gear 2 tenant leases to achieve the target ERVs and best rental return on vacant floors

The property is located on Austin Friars, overlooking Austin Friars Square, and is only 250 metres to the north east of the Bank of England and the Royal Exchange, two focal points in the City
of London.

Austin Friars is a vibrant and attractive thoroughfare linking
Old Broad Street and Throgmorton Avenue in the prime core of the City of London. The property benefits from excellent public transport connections being located equidistant from three of Central London’s busiest interchange stations including Bank, Moorgate and Liverpool Street.

Austin Friars is a well-established office location and has attracted a variety of tenants from a broad mix of sectors.
The building backs onto the European headquarters of China Construction Bank, 111 Old Broad Street and 50 metres from the headquarters of Blackrock, one of the world’s pre-eminent asset management firms.