68 King William St is the historical “Gateway to the City” and former home to House of Fraser.
Following the demise of the retailer, Black Mountain Partners quickly recognised the opportunity to deliver a new vision for the building – to re-establish it as an integrated mixed-use, office-led landmark building. We worked assiduously to both secure the acquisition and simultaneously lock in high profile tenants including Corbin & King – owners of the famous The Wolseley restaurant – and Pure Gym, ensuring a vibrant food and leisure offering that will not only cater to the new generation of workers in the building but also the wider public. With these two anchor tenants in place, we partnered with Ares Management to provide funding through a joint-venture to complete the acquisition, before finally entering into a lease with co-working provider Spaces for the entire office component.
Black Mountain Partners is both an investment partner and development manager on the project, which now has planning approval for a comprehensive modern refurbishment and when complete will deliver a unique and interactive asset for the City of London.