Press Release
Global Law Firm Commits to Latest Large-Scale Leasing Deal in London
November 20, 2024

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Director, External Communications & PR

Akin Gump Strauss Hauer & Feld LLP (Akin), a leading global law firm, has committed to a move to 155 Bishopsgate.
Akin, one of the most prestigious global law firms, is currently sub-leasing 73,000 sq ft at Ten Bishops Square. This deal will see the firm upsize to approximately 77,000 sq ft across floors nine-to-twelve at 155 Bishopsgate over a 15-year lease, with a ten-year break clause.
155 Bishopsgate, which is co-owned by British Land and GIC, is a landmark office building forming part of the impressive Broadgate campus. The property is ideally located between the vibrancy of Spitalfields Market and the excellent transport links at Liverpool Street Station, including easy access to the newly completed Elizabeth Line.
The building has undergone a significant refurbishment in recent years, including a total revamp of the reception and communal areas. Upon move in, Akin will benefit from fully refurbished office space as well as new private roof terrace areas. The refurbishment is scheduled for completion in Summer 2025, with Akin taking occupation in 2026, following completion of its new fit out works.
This transaction represents the latest addition to a vast amount of office leasing activity in the London legal sector, with nine of the top twenty law firms by UK revenue currently in the midst of a relocation project.
“We’re looking forward to moving into 155 Bishopsgate,” said Brian Sprague, Chief Operating Officer at Akin. “With its modern amenities and prime location, the building will be an ideal environment for our team and clients.”
Alex Colvin, Head of Development Leasing at British Land, said: “We welcome Akin to Broadgate as the very latest addition to our roster of market leading occupiers from the financial, professional and creative sectors. We have made huge investments in the infrastructure, leisure and retail offering to ensure Broadgate remains the location of choice in London, underlined by other recent pre-leasing success to anchor tenants such as Citadel and A&O Shearman.”
An increasingly constrained development pipeline of new and refurbished office stock calls for a greater level of lateral thinking to unearth genuine off-market opportunities such as this. We have worked tirelessly with both Akin and British Land to dissolve existing lease interests, whilst simultaneously agreeing a refurbishment specification to unlock a fantastic new workspace with a strong embodied carbon narrative.

CBRE represented Akin, and British Land and GIC were advised by joint agents, CBRE and JLL.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2024 revenue). The company has more than 140,000 employees (including Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.co.uk.