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News Release

London

Iconic London Goldman Sachs HQ Comes to Market

Jones Lang LaSalle Confirms Sale of Peterborough Court & Daniel House, Fleet Street


London, 11 February 2011 - Jones Lang LaSalle has today confirmed that it is bringing Peterborough Court & Daniel House, 133-140 Fleet Street, London EC4 to market, acting on the instructions of joint LPA Receivers, Richard Stanley and Nigel Wheeler of Jones Lang LaSalle.
 
The landmark City of London office complex is the European headquarters of Goldman Sachs until 2026 and covers c. 0.569 hectares (1.41 acres), providing 370,526 sq ft (34,423.2 sq m) of institutionally specified office accommodation.  Offers will be sought in excess of £300 million.
 
Andrew Hawkins, one of the Directors leading the sale from Jones Lang LaSalle’s City Investment team commented: “London is a huge focus for real estate investors globally at the moment. In 2010 London was the largest commercial real estate market for investment activity globally, generating £10.8 billion of transactions, of which £7.3 billion was overseas money.  The London market is probably the most liquid international property market at present and we expect Goldman's EMEA HQ to appeal to a wide range of investors from the US, Middle Eastern and Asia Pacific.”