Allen & Overy picks new City HQ

Transfer date of 2027

1-2 Broadgate — through Hayes Davidson

Allen & Overy will relocate to a new “environmentally friendly” workplace in London by early 2027, it confirmed at present.

The transfer will see the magic circle participant’s 1,800 legal professionals and employees go away One Bishops Sq., its City HQ since 2006, and occupy new digs only a stone’s throw away at 2 Broadgate close to Liverpool Road Station.

The new HQ can be considerably smaller, with the agency reportedly taking on a minimal of 254,000 sqft in comparison with the five hundred,000 sqft it presently occupies.

A&O says the change to a extra “sustainable modern office” will play a key position in serving to it meet its dedication to a 50% discount in carbon emissions by 2030 as authorised by the Science Primarily based Targets initiative.

“The new office space is a step-change in terms of energy consumption and better reflects the way we want the firm to work in the future,” A&O managing accomplice Gareth Value mentioned. “The building will contribute to an estimated 80% reduction in our annual London office carbon emissions as well as having market-leading certifications for its environmental impact and the wellbeing of those who will call 2 Broadgate their place of work.”

The transfer follows a summer season which noticed Skadden signal a 15-year deal to take up three flooring in one of many Sq. Mile’s new skyscrapers, and Travers Smith announce it was transferring to a new workplace redevelopment in Farringdon in 2025. Extra just lately, Kirkland & Ellis confirmed it was leaving the long-lasting ‘Gherkin’ constructing for a newly constructed constructing at 40 Leadenhall Road.



Source link