Barings prelets 113,000 sq ft at Old Bailey
Blackstone have let six floors at 20 Old Bailey, EC4, in the City of London to Barings.
The asset management firm will take 113,000 sq ft of redeveloped office space to consolidate its existing London offices at 155 Bishopsgate, EC2, 61 Aldwych, WC2, and 11a Regent Street, SW1.
This follows the merger of Babson Capital Management, Baring Asset Management, Cornerstone Real Estate Advisers and Wood Creek Capital Management under the Barings brand in September this year.
[caption id="attachment_869875" align="aligncenter" width="570"] 20 Old Bailey, EC4[/caption]
Blackstone have let six floors at 20 Old Bailey, EC4, in the City of London to Barings.
The asset management firm will take 113,000 sq ft of redeveloped office space to consolidate its existing London offices at 155 Bishopsgate, EC2, 61 Aldwych, WC2, and 11a Regent Street, SW1.
This follows the merger of Babson Capital Management, Baring Asset Management, Cornerstone Real Estate Advisers and Wood Creek Capital Management under the Barings brand in September this year.
Tom Finke, Barings chairman and chief executive, said: “One of our strategic priorities since the merger announcement has been to find suitable office space to bring together our London employees and to fully utilise the synergies of the new Barings.
“Being in one location allows our associates to share a common culture and work together as one team to serve our clients’ needs.”
Office design will begin in 2017, and Barings’ employees are expected to move into the new offices by June of 2018.
BNP Paribas and CBRE are the joint leasing agents for Blackstone. GM Real Estate acted for Barings.
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