Global law firm Clifford Chance advised JP Morgan Asset Management on behalf of an institutional investor on the 400,000 sq. ft. development and prelet of 65 Gresham Street to global investment management firm, Squarepoint. This landmark transaction is the largest prelet in the City of London since 2023.
65 Gresham Street will upon completion be one of the largest brown-to-green redevelopment projects in the City of London, avoiding demolition through large-scale reuse and regeneration. The building will be fully electric and will target a 66% whole life carbon reduction and operational carbon at 12% lower than the 2022 GLA criteria. The redevelopment will add four new floors and 26,000 sq. ft. of roof terraces, with 360° views of the City of London landmarks, and best-in-class end-of-trip facilities.
Our multi-disciplinary team was led by Real Estate partner Angela Kearns, with support from Senior Associates Ben Redding, Angela Shepherd, Alex Pennington and Katie Kempthorne, and Associates Lucy Johnson and Daniel Stamford. Property Litigation advice was provided by Director of Property Litigation Ben Hatton and Associate Jordan Gulwell. Tax support was provided by Partner David Saleh, VAT Director Simon Corzberg, Senior Associate Viktoria Parkhomenko and Associate Ross Windell.
