The Ark, Hammersmith, W6 8BJ

The main investment considerations are as follows:



The Ark is one of the most iconic and visually striking buildings on the London skyline.
Hammersmith is one of London’s principal business locations and a major transport hub with excellent infrastructure links across the capital.
The Ark provides high quality Grade A office accommodation over nine upper floors totalling 161,463 sq ft with an additional spectacular viewing gallery – the ‘Crow’s Nest’, which sits above the roof at level 10, offering superb 360 panoramic views across London.
The property includes the adjacent Lilla Huset building of 13,508 sq ft.
The Ark was subject to £20 million of investment, including substantial reconfiguration in 2007 and now provides a striking Grade A headquarters office building with flexible floorplates arranged over nine upper floors. 
Freehold
The Ark is fully let by way of 11 office leases with an average weight unexpired term of 8.5 years with 95% of the income guaranteed by GE Capital Corporation.
GE Capital Corporation has consolidated assets of $573 billion (as of March 2012) and has a Standard & Poor rating of AA+ and a Moody’s rating of A1.
Current rental tone of only £32.50 per sq ft (£31.02 per sq ft overall) against a current headline ERV in the region of £40 per sq ft. Adjacent Lilla Huset building leased until 2016 at just £3.48 per sq ft overall.
Hammersmith is significantly undersupplied with good quality office space and has an overall vacancy rate of only 3.2% with no new Grade A office space currently available.
Substantial capital allowances available totalling approximately £8.5 million.
brochure.thearklondon.com

Location