Signal and W.RE acquire 10 Lime Street in Central London

European alternative investor Signal and London-based property firm W.RE have jointly purchased 10 Lime Street, City of London

10 Lime Street, London - Signal

The 5,078 m2 office and retail building in the City of London was purchased from global reinsurer SCOR.
10 Lime Street, designed by Rolfe Judd and built in 2009, is a modern building with office and retail spaces spread across a lower ground floor, ground floor, and seven upper floors. It is located at the corner of Lime Street and Leadenhall Place, next to Leadenhall Market and facing the famous Lloyd's building. Its central position, surrounded by shops and close to five major London train stations, makes it easily accessible for potential tenants.
Signal and W.RE plan to fully refurbish the 2009-built property to achieve a Grade A specification, an EPC A rating, and full ESG certification, aiming to attract tenants seeking high-quality office and retail space. 
Colman McCarthy, partner, Real Estate Investment at Signal, commented: "10 Lime Street is a standout building in one of London’s strongest office submarkets, where an acute lack of supply, low vacancy rates and significant rental growth create an exciting opportunity for us. Its prime location, strong transport links and high-quality space underpin the resilient demand we continue to see for well-amenitised offices in the City. With W.RE, we see clear potential to further enhance the asset so it continues to meet the needs of modern occupiers and attract top-tier tenants, supporting long-term rental growth."
‍Andrew Haines, COO, W.RE, added: "10 Lime Street offers an exceptional opportunity to create a best-in-class office building in the heart of the City. Our refurbishment plans will deliver Grade A specification, EPC A, and full ESG certification, ensuring the building meets the highest standards of sustainability and occupier experience. With new terraces, enhanced tenant amenities, and a focus on quality, we are confident this project will set a benchmark for modern workspace in a market where prime space is in short supply."