German property company SEB Asset Management has let One Threadneedle Street, London EC2 in its entirety to Nationwide Building Society.
German property company SEB Asset Management has let One Threadneedle Street, London EC2 in its entirety to Nationwide Building Society.
SEB AM was represented jointly by real estate advisor Savills and CBRE. Nationwide Building Society was represented by Colliers International.
The mixed-use property belongs to the open-ended real estate fund SEB ImmoPortfolio Target Return Fund.
Nationwide has agreed a new 20-year lease on the property, which has recently been refurbished with a 'very good' BREEAM rating to offer a total of 5,100 m2 over 10 floors. The property will create a new presence for Nationwide in the City of London and will see the office space, located on the lower ground and seven upper floors, occupied by its management and treasury staff.
The retail space, situated on the ground floor, will be used as a new Nationwide Building Society branch.
