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Eversheds advises on one of the largest lettings in Central London

  • United Kingdom

    22-07-2013

    Global law firm Eversheds has acted on the letting of all 17 floors of The Place at London Bridge Quarter to News UK. This includes some of the UK’s most illustrious media brands, including Dow Jones, The Wall Street Journal, The Times, The Sunday Times, Times Literary Supplement, The Sun, and one of the world’s leading book publishers, Harper Collins.

    Eversheds acted for the landlord – a joint venture between the State of Qatar and Sellar Property. This is a landmark transaction, with a single lease for a term of 30 years.

    The Place, located next to The Shard, and also designed by Renzo Piano – comprises 430,000 sq ft of high quality offices and is the second iconic building to be developed at London Bridge Quarter. The Place is due to be practically completed in a few weeks time.

    Nicholas Bartlett and Helen Robinson were the lead advisers for Eversheds, with assistance from James Roberts (real estate), Emma Perrin (construction) and John Grimbley (planning).

    Nick Bartlett commented:

    “With 17 floors offering 430,000 sq ft of high quality office space, we are proud to have advised on the largest letting in Central London to be agreed in the last 8 years. This deal follows hot on the heels of our work in advising on the development of The Shard.

    “Working collaboratively with all parties, unconditional contracts were exchanged within only 8 weeks of terms being agreed, which is no mean feat when dealing with one of London’s most iconic buildings and overcoming some of the more challenging issues which needed to be resolved before exchange.”

    Note to editors

    Hogan Lovells acting for News UK. The Hogan Lovells team was headed by Dion Panambalana, with support from Simon Keen and Rosie Miller (construction) and Ed Newport (real estate).

    Disclaimer

    This information is for guidance purposes only and should not be regarded as a substitute for taking legal advice. Please refer to the full terms and conditions on our website.

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