Nabarro has acted for Great Portland Estates (GPE) on one of the developer and investor’s most significant pre-lets to date. Bird & Bird has agreed to lease more than 140,000ft2 at 12/14 New Fetter Lane, which will become the firm’s new London headquarters.
As part of the deal, GPE restructured its interest at New Fetter Lane. The site is now held on a 154-year lease from the City Corporation. GPE will commence demolition of the existing buildings this summer with practical completion scheduled for late 2015.
The Nabarro team was led by real-estate partner Barry Morris and included construction partner Alistair McGrigor and tax partner Simon Rose, supported by senior associates Joanne Mulholland, Charlotte Brooks (real estate) and Lauren Lenz (tax).