CMS lease disposal success at 125 London Wall and 90 High Holborn, London

23 November 2017

CMS Cameron McKenna Nabarro Olswang LLP has successfully disposed 213,032 sq ft (19,791 sq m) of its offices at 125 London Wall and 90 High Holborn, following its consolidation into Cannon Place, EC4 in May 2017.

Lloyds Bank plc has acquired the former Nabarro offices at 125 London Wall, totalling 125,412 sq ft (11,651 sq m), on the basis of an assignment at a passing rent of £45 per sq ft (£484 sq m) on a lease to March 2025.

At the former Olswang offices at 90 High Holborn, University College London (UCL) has acquired 48,548 sq ft (4,510 sq m) on first and second floors, on the basis of an assignment at a passing rent of £52.50 per sq ft (£565 per sq m) on a lease to March 2022. US law firm, Quinn Emanuel Urquhart & Sullivan LLP, has acquired the third floor (24,892 sq ft) on similar terms. Only the ground floor of 17,271 sq ft (1,604 sq m) remains available.

Savills is jointly appointed as letting agent on behalf of CMS at 125 London Wall with Cushman & Wakefield, and with CBRE at 90 High Holborn.

CBRE advised Lloyds Bank Plc and Quinn Emanuel.

 
 

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