REG - Helical PLC - Three Crowns signs lease at The JJ Mack Building

HelicalAnnouncement

15/03/2024 07:00

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RNS Number : 9386G  Helical PLC  15 March 2024

 

HELICAL PLC

("Helical" or the "Group")

 
INTERNATIONAL ARBITRATION FIRM THREE CROWNS SIGNS NEW 15 YEAR LEASE AT HELICAL AND ASHBY CAPITAL'S JJ MACK BUILDING

 

15 March 2024: Helical plc and Ashby Capital have let the eighth floor
comprising 15,484 sq ft of best-in-class office space at The JJ Mack Building,
33 Charterhouse Street, EC1 on a 15 year lease to Three Crowns, a leading
international arbitration law firm. The firm plans to relocate from its
existing offices at New Fetter Place in early 2025.

 

The recently developed building provides a total of 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.

 

This letting comes shortly after it was announced that J Sainsbury has taken
the first, second, and third floors of the building, comprising 68,002 sq ft.
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 67% 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.

 

Hugh Carlson, CEO of Three Crowns, said: "We at Three Crowns are delighted to
be relocating to the JJ Mack building in 2025.  We look forward to welcoming
our colleagues and clients to this sustainable, accessible, and modern
workplace."

 

Gerald Kaye, Chief Executive of Helical plc, commented: "The addition of Three
Crowns to our tenant roster takes The JJ Mack Building to over 67% let, with
strong interest in the remaining space. Coming so soon after we let three
floors to J. Sainsbury, today's announcement further highlights the continued
strong demand for high quality office space, and the widening gap in the
market between best in class properties and the rest."

 

Peter Ferrari, Chief Executive of AshbyCapital, said: "Hot on the heels of our
significant letting to J Sainsbury, we are excited to welcome Three Crowns to
The JJ Mack Building. This lease demonstrates the building's sustained appeal
and is testament to its high-quality design, strong sustainability
credentials, extensive amenities and excellent location. We are confident that
Three Crowns will benefit from the step change in quality and lifestyle that
their new workplace offers, and we look forward to welcoming further tenants
in the coming months."

 

Helical and Ashby Capital were advised by CBRE and Knight Frank and lawyers
Clifford Chance; Three Crowns by Cushman and Wakefield and Bristows.

 

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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