Grant Thornton is set to relocate its headquarters in the City of London to 5 Broadgate, EC2.
The accountancy giant signed a deal last week to sublet almost 105,000 sq ft at the office from UBS, which will be in the building until 2035.
Grant Thornton signed for £70 per sq ft, just under the listed £75 for the space but at a similar rate to UBS’s passing rent, according to a source familiar with the deal. The company’s move from 30 Finsbury Square, EC2, will take place in 2024.
It will occupy the top two floors of the 710,000 sq ft office building, which CK Asset Holdings sold to Korea’s National Pension Service earlier this year in a £1.21bn deal.
Earlier this year UBS said it was looking to sublet two floors of the building after the Swiss bank’s new flexible working policy resulted in surplus office space.
A spokesman from Grant Thornton confirmed that the company will be relocating its UK headquarters “to 5 Broadgate from mid to late 2024 onwards”.
Jeremy Attfield, head of City office & Central London strategy and growth at JLL, which advised Grant Thornton, said that the wider Broadgate campus was a “significant ‘pull’ for the partners”.
Colliers advised UBS.
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