Wealth managers on the move in London
Wealth managers are on the move, according to new research from JLL.
The firm has identified around 730,000 sq ft of requirements in London from this part of the capital’s financial sector, on top of the 300,000 sq ft of space already acquired by them in May.
Of this identified need, 595,500 sq ft is being actively sought by more than 20 occupiers, including Amundi, Western Asset Management and Greenhill Asset Management.
Wealth managers are on the move, according to new research from JLL.
The firm has identified around 730,000 sq ft of requirements in London from this part of the capital’s financial sector, on top of the 300,000 sq ft of space already acquired by them in May.
Of this identified need, 595,500 sq ft is being actively sought by more than 20 occupiers, including Amundi, Western Asset Management and Greenhill Asset Management.
In May, Brewin Dolphin, Quilter, and Smith & Williamson agreed preleases at 25 Cannon Street, Senator, and Gresham St Paul’s, all EC4, clustering near to St Paul’s Cathedral in newly refurbished space.
Their arrival reinforces the area’s credential as a hub for wealth and asset management occupiers following the earlier arrivals of Rathbones at 8 Finsbury Circus, EC2, Investec Asset Management at 55 Gresham Street, EC2, and Fidelity at 4 Cannon Street, EC4.
In addition, asset manager ICG is under offer at Ludgate, EC4, on circa 50,000 sq ft.
Jeremy Attfield, lead director of central London markets at JLL, said: “These occupiers represent a significant segment of the financial sector and underscore its continued confidence in and commitment to the City of London, despite current political and economic uncertainty.
“A number of factors have driven these relocations, including creating the right environment for their staff and business to thrive, organic expansion, increasing use of technology and growth of online platforms, and simply enabling change within their organisations.
“The evolving City continues to have far-reaching appeal to all occupier sectors across central London.
“The quality and diversity of product, accessibility, competitive overall outgoings and ever improving F&B offering meets with corporate real estate trends.”
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