One of England’s oldest law firms has taken the entire third floor at The Crown Estate’s One Vine Street office block. The 6,000 sq ft deal secures the last available space at the West End building.
Founded 210 years ago in the East Midlands, Freeths will be joining Patron Capital, Lloyds Development Capital and The Maybourne Hotel Group at the recently renovated property between Vine, Swallow and Regent Streets.
“This is an exciting time for our expanding business and I’m in no doubt that moving into quality premises in Vine Street will greatly assist with our growth plans for London,” commented the law firm’s chief executive, Peter Smith.
Freeths, which employs 137 partners and 562 staff across its 11 offices, is headquartered in Nottingham where it is the region’s biggest commercial practice. Its existing London branch will consolidate at the new Vine Street offices.
“The letting to Freeths underscores the accessibility, quality and variety of office accommodation available on Regent Street,” said Hayley Turley, asset manager for The Crown Estate’s Regent Street portfolio.
“This Midlands headquartered legal practice joins businesses from Paris, London, Geneva & New York in our One Vine Street building. Across the Regent Street portfolio we are home to office occupiers from over 35 countries.”
The Crown Estate — which returns 100 per cent of its profits to the Treasury — has invested £1bn in Regent Street since 2002. As well as creating a world-class retail and leisure destination, it has delivered a distinct, high quality office location in the heart of the West End.
The estate’s Regent Street Partnership has two office portfolios. Its premium product, Offices by Regent Street, provides international headquarters to some of the world’s most successful businesses. At the same time Regent Street Office Direct offers smaller, flexible office floor plates on shorter term contracts too small to medium sized companies.
CBRE and Levy acted for The Crown Estate.
