Property Transaction Comps Tracker: thin week, no new qualifying deal
London City & Shoreditch · Grade A office · week 2026-09-29 to 2026-10-06 · generated 2026-10-06
Scope as read: City = EC1–EC4 plus Midtown fringe as reported; Shoreditch = EC2A/E1/E2 corridor. Deals: sales and new lettings over 5,000 sq ft, Grade A. Subject 1 Example Street, EC2, 42,000 sq ft is taken as given (placeholder address; no spec, rent or date supplied, so ranking is on size, location and recency only). No prior-run table exists, so nothing can be marked Updated or Unchanged. Result: no sale or new letting meeting every test was first reported inside the window. Items found are shown below as open items and out-of-window reference comps, not counted in headline figures.
0New deals
0Updated deals
0Sales
0Lettings
n/aReported value / area
0Asking-only admitted
5Open items
4Reference comps (out of window)
Comps table (this run's admitted deals: none)
Empty by design: an admitted deal needs a named property, a hard figure, over 5,000 sq ft, Grade A, in scope, and first reported 2026-09-29 to 2026-10-06. Nothing found met all tests.
Reference comps from just before the window (not counted; filter and sort)
Ranked by similarity to the 42,000 sq ft subject (size, location, recency). Rank is a recommendation to confirm, not a valuation. All figures are Reported unless tagged. Confidence is Medium (single primary/trade source) or Low.
| Rank | Date | Address / Submarket | Type | Deal | Size | Price or Rent | Rate / sq ft | Yield | Incentives / Term | Buyer / Tenant | Seller / Landlord | Source | Confidence | New since last run |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | 2026-09-25reported | 100 New Bridge Street, EC4 (between Blackfriars and Farringdon); City fringe | Grade A office, new build (EPC A, BREEAM Outstanding targeted) | Sale | ~195,000 sq ft (Reported) | £333m forward sale (Reported) | ~£1,708/sq ft (Estimated: £333m ÷ 195,000) | Undisclosed | Undisclosed (forward sale) | Major US financial institution (unnamed) | Undisclosed | The Deal Wire (Linklaters release) | Medium | Not in window |
| Subject note: about 4.6x subject size and a forward sale, so a ceiling for City prime capital value, not a like-for-like. Linklaters release URL path is dated June 2026; Deal Wire repost 2026-09-25, so the transaction itself pre-dates the window. | ||||||||||||||
| 2 | 2026-09-23reported | Devonshire Square Building 6, EC2M (Mace 20,579 sq ft); City / Liverpool Street | Grade A office (retrofit campus) | Lease | Mace 20,579; proSapient 10,286; Capitolis 10,330; Gamma 10,321 (total 59,170 sq ft, Reported) | Undisclosed | Undisclosed | n/a | Undisclosed | Mace; proSapient; Capitolis; Gamma Technologies | Nuveen (landlord) | Property Week | Medium | Not in window |
| Subject note: unit sizes are 25%–49% of subject size; shows depth of 10,000–20,000 sq ft City demand and estate at 94.8% let, but no rent to compare. | ||||||||||||||
| 3 | 2026-09-16reported | 10 Gresham Street, EC2; City | Grade A office (145,000 sq ft refurb completed end-2025) | Sale | ~145,000 sq ft (refurb scope, Reported) | ~£330m guide, marketing only (Reported, via sources) | ~£2,276/sq ft (Estimated: £330m ÷ 145,000) | Undisclosed | Fully let; Moody's 110,000 sq ft | None yet | KWAP (bought 2012 for £200m) | Property Week / Bloomberg | Low | Not in window |
| Subject note: asking-type evidence only; about 3.5x subject size. Use as a pricing guide, not a comp, until it completes. | ||||||||||||||
| 4 | 2026-09-29reported | 10 Lime Street, EC3; City (opposite Lloyd's) | Grade A office, under refurbishment (Q2 2027 completion) | Lease | >43,000 sq ft (Reported) | Undisclosed (launch of leasing) | Undisclosed | n/a | Undisclosed | None yet | SIGNAL / W.RE | SIGNAL press release | Low | Not in window |
| Subject note: closest size match to the 42,000 sq ft subject and a direct competitor for tenants; no terms yet. Not a transaction. | ||||||||||||||
Trends (low evidence week; read with caution)
- Occupier demand outpaces investment turnover. Property Week says the City leasing market is gaining momentum on AI-led demand while the investment market "has struggled" (row 3 context;Property Week, 16 Sep 2026).
- Mid-size City lettings are clearing in 10,000–20,000 sq ft units. Devonshire Square Building 6 let 59,170 sq ft across four leases, the estate now 94.8% let (rows 2; no rents disclosed).
- Large City sales are trading in a £315m–£333m band. 100 New Bridge Street £333m (row 1), with the same article citing 70 St Mary Axe at £331m and the Fruit & Wool Exchange at about £315m earlier. Moody's 10 Gresham Street is guided at roughly £330m, which would be a test of trophy-asset appetite.
- Pricing evidence is the gap. No rent, yield or incentive figure was disclosed in any item found; rates per sq ft cannot be computed for lettings.
Do next
- Obtain rents and incentives for the Devonshire Square Building 6 lettings (agents CBRE and BH2) before using them as comps.
- Watch 10 Lime Street (43,000+ sq ft, completion Q2 2027, CBRE/Newton Perkins): nearest size match to the subject once terms emerge.
- Watch Moody's 10 Gresham Street (CBRE, about £330m guide) and CCLA's City sale for pricing and yield on completion.
- Confirm the real address, specification and target date of the subject; "1 Example Street" cannot be matched to a building.
- Check HM Land Registry price-paid and Companies House charges for the Shoreditch corridor next run; neither was reachable this run.
Open items (rumoured, marketing or under offer; no completed hard-figure deal)
- 10 Lime Street, EC3: leasing campaign launched 2026-09-29; more than 43,000 sq ft Grade A refurbishment; no rent or tenant. Marketing only, not admitted. SIGNAL release
- Minories (30 Minories), EC3: Oneder fully managed space brought to market 2026-09-29, floors from 1,680 to about 9,500 sq ft across seven floors; managed/flex asking, no rent. Flex and The City
- CCLA City of London office: sale launched 2026-09-30 per an Estates Gazette headline; page returned 403, so no figures verified. EG (headline only)
- 10 Gresham Street, EC2: about £330m guide per people familiar, reported 2026-09-16 (before window). Property Week
- One Spitalfields, E1 (Jane Street pre-let): search results show reports of about 450,000–465,000 sq ft dated 2026-09-24 (before window); the benews page returned 403 and the BCLP page was not opened, so size is unverified and it is not tabulated. BE News (not fetched)
Near misses (out of scope): GPE pre-lets at City Tower, EC2, total only more than 4,300 sq ft, below threshold and Fully Managed flex (GPE RNS, 24 Sep 2026). Argyll's 33 Chancery Lane (23,000 sq ft flex refurb) was bought for £11m in November 2025, not a new deal (Flex and The City, 5 Oct 2026).
Coverage
Reached: Property Week, Flex and The City, Signal Capital, The Deal Wire, Investegate (GPE RNS). Blocked (403): Estates Gazette, BE News. Not checked or not reachable: HM Land Registry price-paid data, Companies House, CoStar, Bisnow, React News, agent research pages; Shoreditch searches returned only undated listings and 2025 items. Weekly counts are therefore a floor, not a census.
Sources
- Nuveen fully lets City office building at Devonshire Square – Property Week, 2026-09-23
- Major US financial institution acquires 100 New Bridge Street – The Deal Wire, 2026-09-25 (repost of Linklaters release)
- Moody's City headquarters hits the market for £330m – Property Week, 2026-09-16
- SIGNAL and W.RE appoint CBRE and Newton Perkins – SIGNAL, 2026-09-29
- Oneder adds Minories – Flex and The City, 2026-09-29
- Argyll 33 Chancery Lane – Flex and The City, 2026-10-05
- GPE secures Fully Managed pre lets at City Tower – RNS via Investegate, 2026-09-24
- CCLA launches sale of City of London office – Estates Gazette, 2026-09-30 (search headline only)
Similarity ranks and value implications are recommendations for the user to confirm; not a valuation or investment, legal or tax advice.