Consultancy AlixPartners has agreed a lease of around 90,000 sq ft at One Millennium Bridge, EC4, owned by TPG Angelo Gordon and Beltane Asset Management, a deal revealed by EG last year.
The move follows a refinancing from a controlled affiliate of Starwood Capital Group, intended to support the building’s extension and refurbishment and the completion of a new 150-headlease with the City of London.
Under the 15-year lease, starting towards the end of spring this year with a full move-in expected a year later, the company will take around 90,000 sq ft across the 4th, 5th and 6th floors of the building to house more than 500 employees.
In doing so, the company will vacate its 65,000 sq ft headquarters at 6 New Street Square, EC4, where it has been based since 2016, according to EG Radius data.
Paul Thompson, head of EMEA operations at AlixPartners, said: “As our business continues to grow, we are committed to delivering the most creative, productive and attractive working environment possible.
“We are therefore confident that its landmark location and superb amenities will make One Millennium Bridge an exceptional UK Headquarters for our staff and clients alike.”
Rents across the 215,000 sq ft workspace in the Piercy & Company-designed building are at a blended average of £96 per sq ft and the building also offers 35,000 sq ft of retail space.
Retail tenants within the building include Gail’s Bakery and coffee shop WatchHouse, with four more units still available, one on the sixth floor and three at river level.
Gerald Eve advised AlixPartners on its search; RX London, CBRE and Cushman & Wakefield are letting agents on One Millennium Bridge.
Image © Beltane Asset Management
Send feedback to Dominic Plaskota
Follow Estates Gazette
