Greycoat Real Estate LLP

Continuing our series of Breakfast & Learn sessions, we were once again grateful to Cushman & Wakefield for sharing their latest insights. Heena Gadhavi and Alistair Brown this week focused on their “London Moves” research, looking at occupier trends across central London, together with the supply dynamics that sit behind them. Key themes were the continuing demand for best-in-class buildings coupled with the prevalence of growth-driven requirements, within and across multiple submarkets, all set against a relatively constrained pipeline of good quality assets. This fits well with our ongoing conviction in central London offices and our focus on creating and managing the best assets in great locations for occupiers of all sizes. But it also highlighted just how nuanced the market is, and need to balance the general direction of travel with the specifics of any scenario or transaction. It underlined the need to have the best people in the right roles, working alongside those who genuinely understand the marketplace we are in.

Really pleased to be working with Stiff Trevillion Architects in collaboration with Sam Frith and his team at Solus to make our DIALS project a pioneer for this innovative product, prioritising the #reuse of existing materials.

This is a truly fantastic result - Tower 42 remains one of central London’s shining examples of the value of reuse, retrofit and reinvention. The scale of the effort required to decarbonise this iconic tower should not be underestimated, but it demonstrates the continuing commitment to improve the environmental performance alongside the unrivalled occupier experience.

A fantastic initiative, and great to see the industry sharing what they’ve learned, with our DIALS project at the centre of the discussion.

DIALS: The Building that Built a Building. A story of reuse and the choices that make the best use of the materials and structures in the buildings we have. When Kevin Payne of Greycoat Real Estate LLP sat down with Sam Frith of Solus to talk about DIALS, a link was forged between client and supply chain that proved a great enabler. This film is just a tiny part of a much bigger process; the entire team leaning into a collective objective to retain and reuse as much of the building as possible. Superbeam Goldman Sachs Asset Management Stiff Trevillion Architects Cundall Waterman Group The Fire Surgery Montagu Evans The Erith Group Serena Tennant (née Frisby) Dan Campbell Andrew Roberts Guy Bransby MRTPI MRICS Craig Winter Andy Nicholson ali hay Charlie Scott Aude Azzi James Huish Elton Leon Yan Jack Castle Tim Blackwell Simon Wyatt Lauren J. Smith Tom Cannon Yvan Atangana Naman Masoud FRICS Richard Sheppard Robert Marney CEng MCIBSE Andrew Sherlock Nahdya Thebault Karim Jo Samaha Vincent Lasseaux Adrian Bunnis Sam Gardner Cyril Knabe-Nicol Kasia Mitchell FCCA

A sneak preview of our reuse story at DIALS, bringing to life the journey of creating a best-in-class asset through the choices we make and the people that make them. Storytelling by Superbeam in collaboration with Greycoat Real Estate LLP, Goldman Sachs Asset Management, Stiff Trevillion Architects, Solus, Cundall, and The Erith Group, with contributions from Sam Frith Serena Tennant (née Frisby) Dan Campbell Cyril Knabe-Nicol Dan Higginson Ian Hamilton.

Simon, Steve and Mick… No idea who this trio were, but uncovering graffiti over three decades old adds a human thread to a building. It brings to life the time, effort and energy that went into creating it, the fact that this was once part of someone else’s idea 30 years ago. Where possible we’ll try to make sure it remains for others to find in another 30, 50 or 100 years. #DIALS #design #workspace #amenity #offices #refurbishment #retrofit #reuse #recycle #london #londonarchitecture #londonlife #gradeA #greycoat

Our conviction in the ongoing appeal of central London to occupiers large and small continues as we complete our latest acquisition, 140 Leadenhall Street. Comprising 45,000 sq ft in the heart of EC3, and offering floor plates of 3,500 to 6,000 sq ft, the building presents a range of opportunities for active asset management and longer-term transformation. The 1930s architecture of the Sir Edwin Lutyens design is nestled amongst the modern tall buildings of the ever-evolving Eastern Tower Cluster, and opposite the iconic Lloyds of London. Congratulations to all those involved.

We were privileged to be joined at this weeks Breakfast & Learn session by Rebecca Rockey, Deputy Chief Economist and Global Head of Forecasting at Cushman & Wakefield. A fantastic insight into US real estate markets, and the occupational trends and the drivers of supply and demand for offices across multiple submarkets. Thanks to Alistair Brown and the London team for organising.

Wellcome to the team Daniel Howes, great to have you on board!