The main entrance on the ground floor and the concourse between the two courtrooms, known as the Lord’s Hallway, will be retained with refurbished timber panelling and new floor finishes, while the accommodation surrounding the building will he upgraded to provide jury and witness rooms for each court.
The first floor will also be refurbished and extended to accommodate judges’ apartments and macers and clerk of the court accommodation. A new two-level link will be built to provide access to new extension buildings adjacent to the Lord’s Hallway for both the public and court officials.
Herbert Smith acted for Hammerson UK Properties plc in the acquisition of Number 1 and Number 2 The Tower, Harbour Exchange for a consideration of £76.9 million.
The office building acquisition by Hammerson represents the single largest acquisition in Docklands outside Canary Wharf. Number 1 Harbour Exchange was acquired from Dockways Limited a Jersey based company and Number 2 Harbour Exchange was acquired from Royal Bank of Canada Trust Corporation Limited acting as a trustee for an enterprise zone trust.
The Herbert Smith team was led by Chris de Pury, assisted by Helen Harvey. Edward Sutherland and Caroline King of Boodle Hatfield acted for Dockways Limited and David Albert of Ashurst Morris Crisp acted for Royal Bank of Canada Trust Corporation Limited, In Helensburgh, Birthdays has taken a ground floor unit at 22 Sinclair Street. The passing rent is £17,000 per annum with the next review in May 2000, and expiry of the lease in November 2005. The unit extends to 1454 sq ft (135.08 sq m).
In Grangemouth, Birthdays has taken a ground and first floor unit at 27 La Porte Precinct. The passing rent is £19,200 per annum with the next review in May 2001 and expiry of the lease in May 2006.