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Advising Smith & Williamson on its new HQ

  • Global
  • United Kingdom

    09-05-2019

    Eversheds Sutherland advises on new premises at 40 Gresham Street

    Eversheds Sutherland has advised longstanding client and professional services firm Smith & Williamson its new office HQ at 40 Gresham Street, London.

    A cross-practice team from Eversheds Sutherland advised Smith & Williamson on a complex development agreement and lease to pre-let six floors at its new HQ with an option to expand into additional floors. The team provided real estate, construction and tax advice during the course of the transaction.

    Smith & Williamson is a financial and professional services firm, and will move from its current HQ at 25 Moorgate to the new premises in 2022. 40 Gresham Street recently began an extensive £200m refurbishment plan for the nine-storey, 170,000 sq ft property, transforming the site into a modern, sustainable office with open spaces suited for flexibility and collaboration.

    Eversheds Sutherland has advised Smith & Williamson for a number of years on litigation and disputes, but this is the first time the team has led on a real estate matter for the client.

    Tom Goldsmith, Partner, Real Estate, said:

    “40 Gresham Street has recently started some major refurbishment works, and I know Smith & Williamson will benefit from their new surroundings when they move in during the course of 2022. They have been a valued client of ours for a number of years, but it’s been pleasing to provide complex real estate advice to them for the first time on this, significant deal for the client. Their decision to move is forward-thinking and no doubt be hugely beneficial to the development of their business in the long term.”

    The Eversheds Sutherland team advising was led by Tom Goldsmith, with support from Lucy Chadwick, Principal Associate, Construction, Charlie Stodell, Principal Associate, Tax, Sahina Jada, Principal Associate, Real Estate, and Natasha O’Neill, Associate, Real Estate.

    Disclaimer

    This information is for guidance purposes only and should not be regarded as a substitute for taking legal advice. Please refer to the full terms and conditions on our website.

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