Strategic Advisory
Development Consultancy
Head Lease Restructuring
Fitzroy, Minerva and Telephone House, WC1
In 2014, Schroders completed the purchase of Fitzroy, Minerva and Telephone Houses. The three adjacent properties, on North Crescent off Bloomsbury’s Chenies Street, comprise grade A accommodation over lower ground, ground and 5 upper floors and were let to Omnicom.
A lease surrender was agreed with Omnicom and planning acheived in May 2023 for a comprehensive refurbishment of the buildings.
This is an ongoing instruction, with the aim of facilitating a restructure of the headleases (held by the City of London Corporation), to enable a comprehensive refurbishment. Once agreement has been reached, the plan will be to create an impressive, sustainable workplace fit for the future.
