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Laing to sell development HQ for over £2m

Laing Property’s development division is set to move headquarters after putting its leasehold at 52 Portland Place, W1, on the market for over £2m.

Once a purchaser has been secured for the 12,000 sq ft (1,115 sq m) office, owned by Howard de Walden Estates, Laing will launch a 4,000 sq ft (370 sq m) requirement for an open-plan office in London’s West End.

A spokesman for Laing said the move was in response to staff expansion.

Allsop & Co is advising Laing on the sale.

EGi News 6/12/01

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