Reed Smith finds City HQ at Broadgate Tower” />Reed Smith Richards Butler has ended its long search for a new office building with a deal to take almost 40 per cent of London’s Broadgate Tower.
The firm, which was formed in January following a merger between US firm Reed Smith and the UK’s Richards Butler, has been operating from Beaufort House in the City and Minerva House near London Bridge.
The merger gave the firm around 640 staff in London, but neither office was large enough to house the entire payroll.
Roger Parker, Europe and Middle East managing partner at Reed Smith, said the move will be positive for the firm as it will place it in the heart of the City.
The new office, which is currently being developed by British Land, is due to be completed by next summer, with the firm looking to move in by the second quarter of 2009, as first revealed on www.the lawyer.com (12 September).
The Broadgate Tower is 35 storeys high and Reed Smith will occupy floors 23 to 33, representing a total area of 155,000sq ft. The firm, which is the first to sign up for space in the building, has signed a 15-and-a-half-year lease.
In addition to being one of London’s landmark tall buildings, the tower has been designed to be as energy efficient as possible, with 20 per cent of the development containing recycled materials and emissions expected to be around 50 per cent below the average due to heat recovery equipment and an efficient cooling plant.