MK2 has advised clients on the acquisition of 37 Lombard Street, the Head Quarters office building of Lucas Fettes PLC by way of sale and leaseback. The property, comprising a 974.6 sq.m (10,491 sft) prime grade A office building, is let to Lucas Fettes PLC on a new 15 year full repairing and insuring lease with the rent to be reviewed upward only on the basis of uncapped RPI.
The property occupies a prime position at the centre of the city of London, the UK’s and Europe’s’ financial capital. They property has been extensively refurbished and finished to high specification.
The property was purchased for a price of £9,000,000.