INDUSTRY NEWS

GPE pre-let 142,000 sq ft of new London office space to Bird & Bird

Great Portland Estates (GPE) has confirmed the pre-let of a new London office development to law firm Bird & Bird.

The central London based property investment and development firm will lease the 12-storey office building, offering 142,000 sq of London office space in its entirety to the law firm.

GPE, chief executive, Toby Courtauld, said: “We are delighted to welcome Bird & Bird to the latest GPE development.  We are looking forward to working with their team to create for them a world class London headquarters in this outstanding building.”

The deal for the City of London property at 12/14 New Fetter Lane includes the option for Bird & Bird, a top 20 international law firm, to hand back up to 25,900 sq ft of office space up to six months prior to completion of work. GPE is set to start demolition of the current buildings there in the summer, with completion scheduled for late 2015.

Bird & Bird CEO, David Kerr, said: “This is a hugely positive step for the firm which will bring numerous benefits.

“The new site will provide a more modern and comfortable environment for our people in London, allowing for greater integration and collaboration between our staff and partners across the world.”

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