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Broadlands Business Park, Norwich

Marsh McLennan

Overview

The property is a well located and modern office building known as Willow House, situated in Broadlands Business Park, Norwich, East Anglia, and is occupied by Marsh McLennan. Willow House was constructed in 2006 for Aviva, who recently assigned the lease under licence to Marsh McLennan, who are undertaking a significant fit-out and refurbishment of the building. The property comprises ’s a detached, free-standing office building with 62,724 sqft of high-quality, A-grade office accommodation arranged over ground and three upper floors with 294 dedicated on-site car parking spaces. Broadlands Business Park is strategically located immediately adjacent to the A47 bypass, providing excellent access to the region’s transport network connecting to Great Yarmouth 20 miles east, Kings Lynn in the Midlands in the west as well as London to the south via the A11. Norwich is the principal administrative and commercial centre of East Anglia, and Broadlands Business Park is widely regarded as Norwich’s premier out-of-town location, home to a number of UK national and international occupiers. Norwich is the largest insurance centre in Europe outside of London with major occupiers including Aviva, Marsh McLennan, Marsh and Swiss Re. Marsh McLennan is a global insurance and risk management business, headquartered and listed in New York, employing over 81,000 people around the world.

Location

Broadlands Business Park, Norwich

Building use

Detached, free-standing office building, arranged over ground and three upper floors

Size of building

62,724 square foot

Tenant

Marsh Corporate Services Limited (Guarantor MMC UK Limited)

Lease expiry date

30 September 2032

Acquisition yield

6.31%

Type of lease

Fully repairing and insuring (ie tenant responsible for all operating costs). 5 yearly open market review, upwards only

Location

Further holdings

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