REG - Helical PLC - Sainsbury's signs lease at The JJ Mack Building

HelicalAnnouncement

05/12/2023 07:00

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RNS Number : 6215V  Helical PLC  05 December 2023

 5 December 2023

HELICAL PLC

("Helical" or the "Group")

 
SAINSBURY'S SIGNS LEASE FOR NEW LONDON OFFICE
AT HELICAL AND ASHBY CAPITAL'S JJ MACK

 

Helical plc and Ashby Capital have let the first, second and third floors
comprising 68,002 sq ft of best-in-class office space at The JJ Mack Building,
33 Charterhouse Street, EC1 to J. Sainsbury plc. The retailer is expected to
relocate its existing London office from 33 Holborn, which is only a few
hundred yards away, to the new building in the next two years.

 

The recently developed building totals 200,611 sq ft of office space across 11
floors, alongside 5,439 sq ft of ground floor retail. It is rated EPC A and is
anticipated to receive both a BREEAM Outstanding rating and a NABERS 5*
assessment for energy in use. Incorporating market-leading technology within
the building enables tenants to easily manage their ambient environment.
Tenant amenities include 426 cycle spaces and high-quality showers and
changing rooms.

 

With the sixth and seventh floors, totalling 37,880 sq ft, let to Partners
Group and the 13,408 sq ft ninth floor let to Corio Generation, part of the
Macquarie Group, The JJ Mack Building is now 58% occupied.

 

The building takes its name from the grocery store formerly located on the
corner of the site, owned by JJ Mack, a market trader whose career started
with just a street barrow. It sits opposite the Victorian Smithfield Markets
Building, which is undergoing extensive refurbishment and restoration to
become the new Museum of London. Farringdon Station, one of the best-connected
stations in London following the opening of the Elizabeth Line, is just 150
yards away.

 

Simon Roberts, Chief Executive of J Sainsbury plc, said: "We're delighted to
have signed a new agreement that will see Sainsbury's London Store Support
Centre relocate to 33 Charterhouse Street in 2025. This is a really exciting
opportunity for us to create a modern and sustainable workspace that is better
suited to our needs and ways of working as our business continues to evolve.

 

"Sainsbury's has a long and proud history in London, dating back to 1869 when
John James and Mary Ann Sainsbury opened their first shop in Drury Lane. We
know that our success depends on our brilliant colleagues and by moving to a
more flexible, efficient workspace we can remain committed to maintaining a
presence in central London while taking another important step in delivering
our Save to Invest plan, which will enable us to invest where it matters most
to our customers."

 

Gerald Kaye, Chief Executive of Helical plc, commented: "Following the recent
lettings to Corio Generation and Partners Group, we are excited to welcome J.
Sainsbury to The JJ Mack Building, which means we have now leased 58% of the
200,611 sq ft building. These lettings are clear examples of the bifurcation
taking place in the market between the best in class office space and the
rest."

 

Peter Ferrari, Chief Executive of AshbyCapital, said: "The success of The JJ
Mack Building in attracting market-leading rents from forward-thinking
occupiers is testament to its high-quality design, strong sustainability
credentials, extensive amenities and excellent location, and we are confident
that our new occupiers will benefit from their inspiring new workplace."

 

Helical and Ashby Capital were advised by CBRE, Knight Frank and Clifford
Chance and J Sainsbury by Cushman & Wakefield and Winckworth Sherwood.

 

For further information, please contact:

 

Helical
plc
020 7629 0113

Gerald Kaye (Chief Executive)

Tim Murphy (CFO)

 

Address:
5 Hanover Square, London W1S 1HQ

Website:
www.helical.co.uk

Twitter:
                                  @helicalplc

 

FTI
Consulting
020 3727 1000

Dido Laurimore/ Richard Gotla

schelical@fticonsulting.com (mailto:schelical@fticonsulting.com)

 

 

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