5 Chancery Lane, London EC4

5 Chancery Lane

GLS Estates advised Singaporean investors on the acquisition of this freehold 84,836 sq ft office property in February 2018 for £76.0m excluding purchaser’s costs.
The property is located in the heart of the Midtown district being a short walk from Chancery Lane, Holborn and Farringdon station. The area will benefit from its proximity to the new Farringdon Station hub (Crossrail).

While the property is situated in the heart of the traditional legal area being 100m from the Royal Courts of Justice and diagonally opposite the Law Society Building. The area has benefitted more recently from significant change in occupational demand with diverse tenant demand from the Technology Media and Telecom sectors.
The property is single let to Lewis Silkin and offers the longer term potential of increasing the NLA.

LS Estates, sister company to GLS Estates is the appointed Development Manager to execute the development opportunity.


  • 30K sq ft

    Office refurbishment

    30 Moorgate, EC2
    Equity committed: £15m
    Debt raised: £20m

  • 85K sq ft

    Acquisition & Debt Advisory/ Office refurbishment

    5 Chancery Lane, EC4
    Equity committed: £82m

  • 35K sq ft

    Office refurbishment/Residential conversion
    The Crescent, EC3
    Equity committed: £3.5m
    (100% LS Estates equity, with future possible JV)

  • 32K sq ft

    Acquisition& Debt advisory

    12 Moorgate, EC2
    Equity committed: £35m
    Debt raised: £19.5m

  • 42K sq ft

    Office management

    2-3 Hosier Lane, EC1


Hyde Road, SWINDON

Hyde Road, SWINDON

15,000 sq ft

  • Local Supermarket let to the Co-op until 2019
  • NRI of £175,000 p.a.
  • Currently under negotiation to re-gear lease until 2029 with fixed uplifts.
  • Other option is to buy adjacent site and create retail park or a residential scheme
Pydar Street, Turo

Pydar Street, TURO

6,500 sq ft

  • Let to Hotter Stores until 2023 with a T/O break in Q3/2018
  • NRI of £115,000 p.a.
  • Lease re-gear. Landlord took back upper floors and under conversion to residential.
  • new rear store under construction with additional 2 residential units above.
  • Lease re-geared until 2025
Bank Street, Braintree

Bank Street, BRAINTREE

8,500 sq ft

  • Long Lease to New Look (currently under CVA)
  • NRI of £100,000 p.a. (subject to review downwards due to CVA)
  • Asset management options include lease surrender and re-lease (terms under discussion with new tenant)
  • Retain New Look and surrender upper floors and conversion to residential.