Nabarro heads east with City HQ move confirmed

Nabarro has confirmed its move into new offices at 125 London Wall for November 2014.

Simon Johnston
Simon Johnston

The firm has been in negotiations as the clock ticked down on its current lease at Theobald’s Road in Holborn.

The move to a new City headquarters is Simon Johnston’s last major project as senior partner as he stands down this month, three years earlier than planned (13 September 2012).

Nabarro has signed the agreement of lease, which the firm said will secure its property needs until 2025. As part of the deal landlord JPMorgan is carrying out an extensive refurbishment of the building designed by globally renowned British architect Sir Terry Farrell.

The firm said it will also be commissioning comprehensive interior design work on the 130,000 square feet it is taking on – around a third of the space in the building – to create a high specification, modern working environment.

The firm is believed to be paying in the region of £46 per square foot for the property.

Johnston said: “This is an outstanding property and an outstanding deal for Nabarro.

“We’re delighted to have secured the future property needs of the firm and to have found a City HQ which reflects our client base and increasingly international ambitions.

“I’m also delighted that, working closely with JPMorgan, we’ll create a working environment that will be a tremendous place for our staff to work in and our clients to visit.”

Nabarro was advised on the deal by a Freshfields Bruckhaus Deringer team led by real estate partner Christopher Morris. JPMorgan was advised by a Linklaters team led by real estate partner Andy Bruce.

At the start of the year, CMS Cameron McKenna made a U-turn on similar plans to move into new EC2 headquarters at Principal Place.

CMS had been in talks with property developer Hammerson to move from its existing base in Mitre House, Aldersgate Street, as its lease expires in 2015 (16 January 2012).

Senior partner Dick Tyler cited unstable market conditions at the time.