French media giant Havas is preparing to launch a central London office requirement of around 200,000 sq ft.
Agents including Cushman & Wakefield, BNP Paribas Real Estate, DE&J Levy, Savills, DTZ and CBRE are thought to have been approached to pitch for the contract to advise the firm on a review of its estate.
Havas owns a number of advertising agency networks, including Euro RSCG and MPG, and is based in at least 150,000 sq ft spread across the West End, Midtown and the City fringe.
The firm, the world’s fifth-largest advertising agent, has already consolidated its offices in Paris and is in the process of moving all of its New York agencies under one roof at 200 Hudson Street in Tribeca.
Global chief executive David Jones said the New York move “reflects the group’s desire to reinforce its position as the most integrated of all the communications groups”.
He added: “It will also deliver operational efficiencies through HQ cost reduction and aligned back offices, and facilitate new Havas transversal offers, such as events, production, luxury.”
Last year, Havas reported a 9% uplift in profit to €120m (£97m), off a turnover of more than €1.6bn.
All parties declined to comment on the London requirement.
London estate
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