Case study
38 Finsbury Square
38 Finsbury is situated on the corner of Finsbury Square and Wilson Street equidistant between Moorgate and Liverpool Street Elizabeth Line stations. Previously occupied by Bloomberg until mid-2020, L&O secured planning permission for redevelopment of the building in April 2022 and detailed design work is presently underway to reposition the building as a highly sustainable prime asset suitable for either a single HQ occupier or multiple tenants.
Location: 38 Finsbury Square, London, EC2
Investment date: September 2024
Opportunity: Redevelopment
Investment partner: Legal & General Investment Management
Opportunity
After several years of rental income and proactive asset management, the asset is now vacant and planning consent was recently secured for full redevelopment.
The project will involve full replacement of the Wilson Street façade, a brand new 7th floor, private and communal terraces fronting Wilson Street and Finsbury Square and a new ground floor with access both from Sun Street and Finsbury Square.
Value added
The new planning permission incorporates a net internal area gain of 11% and will provide for a high quality all-electric Grade A building in this important location between Broadgate and the City core.
