Hedge fund takes office at former KPMG club
Hedge fund Millennium Management has agreed a new headquarters in Mayfair, taking the entirety of a flexible office building which formerly housed a KPMG-run private members’ club.
The firm, set up by US financier Israel Englander, has signed a lease at 20 Grosvenor Street, W1, which flexible office company Fora agreed to sublet from KPMG last year.
Millennium will move out of its current London offices at 50 Berkeley Street, W1. The firm’s new base contains 39,700 sq ft of offices and 1,400 sq ft of retail space. Fora will tailor the office to Millennium ahead of completion in the final quarter of this year.
Hedge fund Millennium Management has agreed a new headquarters in Mayfair, taking the entirety of a flexible office building which formerly housed a KPMG-run private members’ club.
The firm, set up by US financier Israel Englander, has signed a lease at 20 Grosvenor Street, W1, which flexible office company Fora agreed to sublet from KPMG last year.
Millennium will move out of its current London offices at 50 Berkeley Street, W1. The firm’s new base contains 39,700 sq ft of offices and 1,400 sq ft of retail space. Fora will tailor the office to Millennium ahead of completion in the final quarter of this year.
Developed by Grosvenor in 2014, the site was run as a private members’ club by KPMG from 2015 to 2019 for employees and clients. KPMG holds the head lease on the site until 2030.
Enrico Sanna, co-founder and CEO of Fora, said: “We are excited to expand Fora’s portfolio into Mayfair, an important submarket, synonymous with quality and excellence. We look forward to opening this new location, along with five others during the course of 2022.”
RX London represented Fora, and CBRE represented Millennium in the deal.
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