HELICAL PLC
("Helical" or the
"Group")
INTERNATIONAL ARBITRATION FIRM
THREE CROWNS SIGNS NEW 15 YEAR LEASE AT HELICAL AND ASHBY CAPITAL'S
JJ MACK BUILDING
15 March 2024: Helical
plc and Ashby Capital have let the eighth floor comprising 15,484
sq ft of best-in-class office space at The JJ Mack Building, 33
Charterhouse Street, EC1 on a 15 year lease to Three Crowns, a
leading international arbitration law firm. The firm plans to
relocate from its existing offices at New Fetter Place in early
2025.
The recently developed building
provides a total of 200,611 sq ft of office space across 11 floors,
alongside 5,439 sq ft of ground floor retail. It is rated EPC A and
is anticipated to receive both a BREEAM Outstanding rating and a
NABERS 5* assessment for energy in use. Incorporating
market-leading technology within the building enables tenants to
easily manage their ambient environment. Tenant amenities include
426 cycle spaces and high-quality showers and changing
rooms.
This letting comes shortly after it
was announced that J Sainsbury has taken the first, second, and
third floors of the building, comprising 68,002 sq ft. With the
sixth and seventh floors, totalling 37,880 sq ft, let to Partners
Group and the 13,408 sq ft ninth floor let to Corio Generation,
part of the Macquarie Group, The JJ Mack Building is now 67%
occupied.
The building takes its name from the
grocery store formerly located on the corner of the site, owned by
JJ Mack, a market trader whose career started with just a street
barrow. It sits opposite the Victorian Smithfield Markets Building,
which is undergoing extensive refurbishment and restoration to
become the new Museum of London. Farringdon Station, one of the
best-connected stations in London following the opening of the
Elizabeth Line, is just 150 yards away.
Hugh Carlson, CEO of Three Crowns,
said: "We at Three Crowns are
delighted to be relocating to the JJ Mack building in 2025.
We look forward to welcoming our colleagues and clients to this
sustainable, accessible, and modern workplace."
Gerald Kaye, Chief Executive of Helical plc,
commented: "The addition of Three
Crowns to our tenant roster takes The JJ Mack Building to over 67%
let, with strong interest in the remaining space. Coming so soon
after we let three floors to J. Sainsbury, today's announcement
further highlights the continued strong demand for high quality
office space, and the widening gap in the market between best in
class properties and the rest."
Peter Ferrari, Chief Executive of AshbyCapital,
said: "Hot on the heels of our
significant letting to J Sainsbury, we are excited to welcome Three
Crowns to The JJ Mack Building. This lease demonstrates the
building's sustained appeal and is testament to its high-quality
design, strong sustainability credentials, extensive amenities and
excellent location. We are confident that Three Crowns will benefit
from the step change in quality and lifestyle that their new
workplace offers, and we look forward to welcoming further tenants
in the coming months."
Helical and Ashby Capital were
advised by CBRE and Knight Frank and lawyers Clifford Chance; Three
Crowns by Cushman and Wakefield and Bristows.
For
further information, please contact:
Helical
plc
020 7629 0113
Gerald Kaye (Chief Executive)
Tim Murphy (CFO)
Address: 5 Hanover Square, London
W1S 1HQ
Website:
www.helical.co.uk
Twitter: @helicalplc
FTI
Consulting
020 3727 1000
Dido Laurimore/ Richard
Gotla
schelical@fticonsulting.com