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St James's Place signs deal for giant new Square Mile office

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St James's Place signs deal for giant new Square Mile office

St James's Place has signed a contract to take up new premises in the heart of the City. 

The FTSE 100 wealth firm has signed a 15-year deal to let Aurum at 30 Lombard Street from UK Reit McKay Securities and is scheduled to take up residence in January 2019. 

Aurum is a striking Grade A office building inspired by Lombard Street's financial heritage, with its roof terrace overlooking the 17th century Sir Christopher Wren church opposite and other iconic city buildings.

The building is set across 11 floors and benefits from column-free floorspace and natural light as a result of its corner location.

McKay acquired a long leasehold for the location in 1999 and has spent the last three years renovating the 58,000 sq ft site.

McKay chief executive Simon Perkins said in a statement: 'There is something special about the history and the presence of this internationally recognised City core location, which our development will both complement and benefit from.

'We look forward to completing this stunning City of London property for St. James’s Place, and providing them with a prominent and highly attractive workspace for employees and clients alike. 

He added: 'What the Lombard Street redevelopment also highlights is the technical and logistical complexity of providing new office floorspace in such constrained surroundings.

'St. James’s Place has secured one of the few new build opportunities of this size, and these practical, as well as financial, constraints will continue to restrict occupier choice in the City core.'  

SJP, which has offices dotted across London, including its Spencer House headquarters in St James's, declined to comment.  

 

 

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