In September 2014, Northwood acquired Templar House, a 100,000 square foot freehold office and ground-floor retail building situated in a prominent position on the north side of High Holborn Street in the Midtown submarket of London.
At the time of Northwood’s acquisition, the office accommodation was fully leased to EDF Energy which had been entirely sublet to Metronet Rail. The ground-floor retail was multi-let to 5 tenants. The office accommodation was arranged over ground and eight upper floors and comprises predominantly open plan offices. The property is located in a prime Midtown location, 500 feet from the Holborn Underground Station, and on the northern side of High Holborn which is the main arterial route linking the City to the West End. The immediate area forms the core of Midtown and has long been associated with a range of occupiers including legal, corporate and professional tenants. Templar House benefits from excellent transport communications with both underground and overground railway services in close proximity. Further, the property is situated between Tottenham Court Road and Farringdon, two of the six central London Crossrail Stations.
Investment Period: September 2014 – September 2019
