City law firms’ moves show a new prudence in the Square Mile August 17, 2010 THE Heron Tower building is probably the most prestigious new location in the City, and a few weeks ago a law firm became the first to rent space in it. American firm McDermott Will & Emery will leave its current home – the rather traditional sounding 7 Threadneedle Street – in about a year’s time [...]
City law firms’ moves show a new prudence in the Square Mile August 17, 2010 THE Heron Tower building is probably the most prestigious new location in the City, and a few weeks ago a law firm became the first to rent space in it. American firm McDermott Will & Emery will leave its current home – the rather traditional sounding 7 Threadneedle Street – in about a year’s time [...]
Minerva seals deal for law firm’s London base December 14, 2009 DEVELOPER Minerva has secured a deal for a 20-year lease on one of its City projects with international law firm Clyde & Co. The move comes as Minerva fights a £84.5m takeover bid form South African shareholder Nathan Kirsh. Clyde & Co will base its new headquarters at the building in the 14-storey St Botolphs [...]
Blackrock settles on City for London base February 4, 2010 BLACKROCK, the investment management group in which Barclays owns nearly 20 per cent, yesterday beat off Macquarie Bank to land a 25 year deal to base its London operations at Drapers Gardens in the City of London. The deal, which will see Blackrock paying £49 per square foot with a three year rent-free period, was [...]
City rents up for first time since 2007 January 10, 2010 CITY office rents rose for the first time in three years at the end of 2009, boosting confidence that office rents have bottomed out. A report from Cushman & Wakefield reveals 41 per cent of the year’s total take-up of office space took place in the last quarter of 2009. The take-up of 2.6m sq [...]
Banks are in the dock as litigation lawyers look for soft City targets November 9, 2009 LAUNCHING a lawsuit against a major bank has never been easy. As anyone who has been involved in heavyweight litigation knows, the process of bringing a claim of any kind is expensive, hazardous and distracting. Regardless of the merits, no bank is likely to roll over very easily when faced with legal action. In order [...]