LaSalle Investment Management, acting on behalf of Malaysian investor Permodalan Nasional Berhad (PNB), has agreed two pre-lets totalling more than 238,000 sq ft at the One Exchange Square office development at Broadgate Campus in the City of London.
Global law firm Gibson, Dunn & Crutcher has agreed to take more than 154,000 sq ft across floors eight to 12 and global reinsurance business Pacific Life Re has signed for 84,000 sq ft on floors six and seven.
Following the inaugural pre-let of 102,000 sq ft to FTI Consulting late last year, One Exchange Square is now 80% let ahead of practical completion, with a further 15% of space under offer.
Gary Moore, head of international accounts, Europe, at LaSalle Investment Management, said: “We’re delighted to welcome Gibson Dunn and Pacific Life Re to One Exchange Square. With these commitments, alongside FTI Consulting, the scheme is now 80% let ahead of completion, underlining the demand for best‑in‑class, highly sustainable workspace in the heart of the City – and our ability to deliver it, through an ambitious redevelopment programme. We believe One Exchange Square sets a new benchmark for London office schemes and is an enduring landmark that will remain highly sought after in the years to come.”
JLL and Cushman & Wakefield acted for LaSalle. CBRE acted for Gibson Dunn and Savills represented Pacific Life Re on the leasing of One Exchange Square. Trowers and Hamlin advised PNB on legal matters.
