Herbert Smith Freehills Kramer has signed for 268,000 sq ft at British Land and GIC’s Broadgate scheme in the City of London.
The law firm has taken the space at 1 Appold Street on a 21-year lease and has options to take a minimum of 238,000 sq ft or up to 360,000 sq ft.
Completion of the deal means the building is 60% (by ERV) pre-let at a minimum and 100% pre-let on the office space if the option space is taken.
Skanska has been appointed as contractor on the redevelopment and the scheme is expected to complete in Q1 2029. The building will comprise 360,000 sq ft of workspace and 48,000 sq ft of leisure space, which is under offer to a gym and health club operator.
Kelly Cleveland, head of real estate and investment at British Land, said: “There is an increasingly diverse mix of global businesses choosing Broadgate for its connectivity and amenities, sustainability standards and public spaces. Herbert Smith Freehills Kramer’s decision to relocate across Exchange Square highlights how the quality of the public realm and amenity continues to shape occupier choice across the campus.
“Their commitment to retaining their London head office here continues our longstanding relationship, and reinforces the strong demand we’re seeing for exceptional workspace in the best locations, which helps people and businesses thrive.”
Tracy Stroh, head of Europe real estate at GIC, added: “This agreement with Herbert Smith Freehills Kramer reflects the strong demand for high-grade office space at Broadgate. We look forward to welcoming HSF Kramer to their new head office and to continuing our more than decade long partnership with British Land as we further develop the Broadgate Campus.”
Jeremy Walden, executive partner, UK and EMEA, at Herbert Smith Freehills Kramer, said: “This exciting news marks a significant milestone in the strategic vision of our global business. We are delighted to be continuing our long-term relationship with the Broadgate joint venture. Its commitment to community, innovation and sustainability is fully aligned with our own values and ambitions. We are partnering to deliver a new, state-of-the-art environment that is designed around the needs of our people and clients and perfectly positioned to deliver the next phase of our London success.”
