CC offloads spare room to KPMG
Clifford Chance is set to boost its coffers by almost £4m ;in ;the ;2009-10 financial year by subletting three and a half floors of its Canary Wharf office to KPMG.
KPMG has taken on 93,000sq ft on the sixteenth to nineteenth floors of 10 Upper Bank Street.
The accountancy firm has relocated around 1,000 staff from its tax and people services practice ahead of its full move to a new office in Canary Wharf in autumn 2010.
Clifford Chance London managing partner Jeremy Sandelson said: “We were obviously very pleased to be able to offer the space to them.”
KPMG is understood to have taken on the lease at around £40 per sq ft, which was reduced from the advertised rate of £42.50.
An additional 39,000sq ft of office space is still available on the 19th and 20th floors. The firm could raise an additional £1.66m in 2009-10 by letting out this space at the advertised rate.
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Readers' comments (3)
Anonymous | 16-Feb-2009 5:16 pm
Didn't this happen weeks ago???
Hot off the press as usual.....
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Anonymous | 16-Feb-2009 6:25 pm
CC
They need all the money they can get.
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Shane Williams | 17-Feb-2009 1:39 pm
Business sense
"They need all the money they can get"? Doesn't every business? The business will be in profit this year although undoubtedly the partners will take home less than last year, but is this a surprise to anyone? Is anyone else bored with the panic-inducing statements littering the press and comment boards?
We're in a recession, there's no need to panic, we've been here before and we've made our way out the other side. Time to tighten our belts for a few years until the rollercoaster ride will start again.
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