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The accountancy and advisory firm PricewaterhouseCoopers (PwC) has signed up for an extensive area of office space in central London in what is one of the biggest deals in the city so far in 2011.
PwC agreed to occupy around 150,000 sq ft at the Hays Galleria, a mixed-use development along the banks of the Thames and next to London Bridge.
Cushman & Wakefield brokered the deal on behalf of St Martins, the UK-based real estate investment vehicle for the state of Kuwait, which owns the property and several others in the City of London.
“London Bridge City is attracting a wide range of major Central London occupiers who are keen be a part of this vibrant and extremely well-connected riverside development,” said James Strevens, a partner at Cushman & Wakefield’s City of London offices.
The Hilson Moran Partnership and Orient Express Services Limited have already agreed to occupy a collective total of 42,000 sq ft at Shackleton House in Hays Galleria.
PwC’s commitment to the Hays Galleria offices in central London represents the largest deal brokered on space on the Southbank of the Thames so far this year, Cushman & Wakefield said.
The site is yards away from the Shard development, the UK’s tallest building, which is close to completion and set to offer a range of keenly sought after office space and residential property.
St Martin’s commercial property portfolio spans several continents and includes office space towers in Melbourne, Manhattan and Tokyo, as well as a string of office buildings in London.