Net Lease | London, U.K.

Principal Place

Principal Place is a trophy property uniquely situated between the bustling City of London and creativity-focused Shoreditch. 

Principal Place

Investment Details

Property TypeNet Lease
Location(s)
London, U.K.
Square Feet644,000 sq. ft.
Number of Floors16

Transaction Details

Acquired2021
Purchase Price$226 million
Ownership %20%

Investment Details

Property TypeNet Lease
Location(s)
London, U.K.
Square Feet644,000 sq. ft.
Number of Floors16

Transaction Details

Acquired2021
Purchase Price$226 million
Ownership %20%

Asset Highlights

house key

Brookfield secured Amazon as a 100% office tenant in 2017 with a 15-year lease to house their U.K. headquarters, making it their largest European corporate office, with ~5,000 employees.

Market

The property also includes 25,000 sq. ft. of public space offering arts and events, as well as 20,000 sq. ft. of high-quality retail.

Train

Transportation-friendly, near the Elizabeth Line at Liverpool Street Station.

Location Highlights

Public Transit
Access to public transportation: Five-minute walk to Shoreditch High Street Tube Station and a walk of less than 10 minutes to Liverpool Tube and Train Station
Entertainment
Shoreditch provides diversity in terms of restaurant, bar, marketplace and entertainment options
Tech
East London is the Tech City of London
fruit stand
Proximity to local attractions such as Old Spitalfields Markets