Sidley Austin LLP agrees pre let at 70 St Mary Axe
TH Real Estate has completed a major pre-letting to Sidley Austin LLP, which will see the international law firm move its London operations to 70 St Mary Axe, EC3.
Sidley is to acquire 100,000 sq ft on a long-term lease of space in the upper section of the building, with options on an additional 34,000 sq ft.
70 St Mary Axe, comprising a total of approximately 300,000 sq ft, is due to complete in Q4 2018, and will form an integral part London’s instantly recognisable skyline.
Peter Neal, Senior Portfolio Manager at TH Real Estate commented: "We are delighted to have completed the pre-letting to Sidley at 70 St Mary Axe, a key strategic holding for the Cityhold Office Partnership. The transaction represents an important milestone for this landmark project and we look forward to welcoming Sidley to the building later this year."
Matthew Dening, Managing Partner of Sidley’s London office, commented: "We are pleased to be relocating to this distinctive new development, and look forward to continued growth in this magnificent and well-located building."
Knight Frank acted on behalf of Sidley; JLL and BH2 acted on behalf of TH Real Estate.
Note: TH Real Estate renamed to Nuveen Real Estate in January 2019.Issued by Nuveen Real Estate Management Limited, 201 Bishopsgate, London EC2M 3BN. Authorised and regulated by the Financial Conduct Authority. TH Real Estate is a name under which Nuveen Real Estate Management Limited provides investment products and services.TH Real Estate is an investment affiliate of Nuveen, the investment management arm of Teachers Insurance and Annuity Association of America (TIAA). TH Real Estate securities products distributed in North America are advised by UK regulated subsidiaries or Nuveen Alternatives Advisers LLC,, a registered investment advisor and wholly owned subsidiary of TIAA and distributed by Nuveen Securities, LLC, member FINRA.