Macfarlanes has advised both Investec Bank PLC (Investec) and Rathbones Group PLC (Rathbones) on a long-term lease regear involving in excess of 350,000 sq. ft. NIA of office space at 30 Gresham Street, London, one of the largest lease regears in London in 2025.
The deal, establishing a shared London headquarters for Investec and Rathbones, represents the culmination of the complex property arrangements arising from the all-share combination of Investec Wealth & Investment Limited and Rathbones in 2023. The building will now undergo significant renovation works, in order to provide a high-quality home for both parties into the future.
Tony Grimes, Head of Real Estate at Investec comments "We would like to thank the Macfarlanes property team for their valued support on the recent lease regear at 30 Gresham Street. Their advice helped us to navigate the complexities of the transaction and was clear, commercially-focused and delivered with an understanding of our objectives."
Beccy Smith, Head of Property and Facilities at Rathbones Group, said: "We are pleased with the conclusion of the regear of our home at 30 Gresham Street and look forward to our exciting future here following the combination. We are grateful to Macfarlanes for their support."
The Macfarlanes team was led by Real Estate Partner Dan Marriott, Senior Counsel Margaret Rhodes and Associate Russell Fancourt.
Further assistance was provided by Real Estate Senior Associates Kirsty Childs and Gwen Llewelyn-Atkinson and Associates Hamish Riches and Joseph Miller. Construction and Engineering advice was provided by Senior Counsel Alex Crockford and Environmental advice by Consultant Nigel Price. Tax and Reward advice was provided by Senior Counsel Chris Mortimer and Senior Associate Rebecca Rose.