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Office Building in London, UK
Mitsui Fudosan acquires “One Angel Court”

July 18, 2013
Mitsui Fudosan Co., Ltd.

Mitsui Fudosan Co., Ltd. (Head Office: 1-1, Nihonbashi-Muromachi 2-chome, Chuo-ku, Tokyo) announced today the purchase of City of London office building“One Angel Court”, through its subsidiary, Mitsui Fudosan (UK) Ltd..

The Mitsui Fudosan Group has positioned the overseas business as one of its expansion drivers. In London, the Group has a strategic partnership with Stanhope plc, a leading real estate developer. Aside from this purchase, the Mitsui Fudosan Group owns two completed buildings,and is also undertaking two office redevelopment projects in Central London together with Stanhope.

The newly acquired One Angel Court is located in the heart of the City of London. This location benefits from excellent transportation access, being two and four minute walking distances from Bank and Liverpool Street stations respectively. It is a rare tower building within the Bank Conservation Area,with sweeping panoramic views of the London cityscape. The building is currently let in its entirety to JP Morgan Chase & Co, , but Mitsui Fudosan Group has plans to redevelop it into a top quality cutting-edge tower building that serves as a landmark for the City area.

The Mitsui Fudosan Group is developing its overseas operations as one of its global initiatives in its business plan “Innovation 2017”. In Europe, the Group focuses on the development and operation of prime office and mixed-use buildings, as it works to expand and enhance its high-quality portfolio. In the US, it is expanding its business from offices to new sectors such as rental apartments, whilst in Asia, the Group will focus on the residential business, where demand is growing in tandem with economic expansion and urbanization, and the retail facility business, which will benefit from growing private consumption. As regards overseas business, Innovation 2017 calls for Mitsui Fudosan to invest ¥500 billion overseas by 2017.

Aerial photo of One Angel Court

Photo of “One Angel Court”

Property Overview

Name of Property “One Angel Court”
Location 1 Angel Court, London EC2
Structure 24 storey and 2 floors below ground
Site area 42,253 ft2 (approx. 3,925.43 m2)
Rentable spaces 219,075 ft2 (approx. 20,352.7 m2)
Standard floor area: Lower floors: approx. 18,000 ft2 (approx. 1,672.25 m2)
Upper floors: approx. 6,100 ft2 (approx. 566.7 m2)
Building uses Office, retail space

Location map

Aerial photo of One Angel Court