Global investment bank Nomura appointed Gerald Eve to market surplus space last year in their former HQ at 1 St Martins Le Grand EC1. The instruction resulted in 2 leasing deals totalling 30,000 sq ft to UCL and Trustpilot.
Following this success and due to a restructuring at Nomura, Gerald Eve were solely appointed to find sub-tenants in their new HQ at 1 Angel Lane, EC4, a landmark building of 540,000 sq ft over-looking the Thames near Cannon Street.
The implementation of a successful marketing campaign has led to transactions being agreed with Man Group, who will be taking 40,000 sq ft on a single floor, and Vocalink who are expanding into a further 13,000 sq ft in the building. Both were secured before Nomura had fully vacated and refurbished the space, therefore significantly reducing the client’s void liabilities.
A key challenge was marketing the space whilst at the same time the City office rent review team were also advising Nomura on the outstanding review, one of the largest in the City at the time. Gerald Eve has since successfully settled this after an intensive arbitration process.