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BCLP exchanges on deal to let 125,000 sq ft City office

Bryan Cave Leighton Paisner has exchanged contracts to lease all of the office space in Governors House, EC4, the 125,000 sq ft office building at 5 Laurence Pountney Hill.

The building, owned by Cyprus-incorporated firm Medholdings Company, will be the new London headquarters for the recently merged UK and US law firms Berwin Leighton Paisner and Bryan Cave.

It was previously occupied by M&G on a lease expiring in March. M&G is moving its headquarters to Generali Real Estate’s 420,000 sq ft at 10 Fenchurch Avenue, EC3.

In a statement, BCLP said the move represented “a significant commitment by the firm to a modern, flexible working space, encouraging of collaborative working.”

BCLP is based at Adelaide House, EC4, the 160,000 sq ft office building at London Bridge, where it has a lease expiring in Mary 2019. The building is owned on a long leasehold by St Martins Property, the UK-based real estate investment vehicle of the State of Kuwait.

BCLP formed on 1 April, with around 1,600 lawyers in 11 countries.

BH2 advised BCLP.

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