Savills Appointed to Sell 5 Churchill Place, Canary Wharf, London on Behalf of The Fixed Charge Receivers

The building is multi-let, with 88% of the income let to the undoubted covenant of J.P. Morgan Markets, and two new lettings secured in July 2023 to international occupiers: Credit Agricole and World Association of Nuclear Operators. The building has a net passing rent of £13,213,228 per annum and a WAULT (Weighted Average Unexpired Lease Term) of 10.5 years (10 years to breaks).

5 Churchill Place, which was designed by HOK architects, is a 318,858 sq ft Grade A landmark office building which is arranged over twelve floors and prominently situated on the eastern side of the Canary Wharf Estate, which is just moments from the Elizabeth Line.

Stephen Hartley, Director, Central London Investment, Savills, says: “This is a unique opportunity to acquire one of the most prominent buildings in Canary Wharf, offering secure long term income with the majority let to investment grade covernants.“

Canary Wharf Estate is a sustainable global ecosystem of innovation, investment and ideas with a 12,000 people working population, over 150 office tenants supplying 400,000 jobs in the UK.
For all enquiries please contact Savills London, Stephen Hartley, shartley@savills.com or Edward Nicholson, enicholson@savills.com, + 44 207 499 8644.