Eight Advisory signs for new offices at 48 Pall Mall

By Kasmira Jefford - Tuesday, October 10, 2017 10:20

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Real Estate Management (UK) Limited (REM), on behalf of the owners, has agreed a new 10-year lease with Eight Advisory for the 3,270 sq ft seventh floor at 48 Pall Mall.

Eight Advisory will relocate its UK operations from Dover Street in Mayfair to 48 Pall Mall, the recently redeveloped contemporary office building in the heart of St James’s, Westminster.

Eight Advisory is a leading independent financial and operations consulting firm. Founded in 2009, Eight Advisory specialises in corporate restructuring and transformation, providing support to senior management, shareholders, banks and potential investors. From eight founding partners the firm has experienced rapid growth to 29 partners and over 250 consultants.

48 Pall Mall has received significant interest from potential occupiers across a range of business sectors. The new 32,000 sq ft office building has been completely redeveloped partly behind a restored historic façade. The building provides nine floors of high specification office space ranging in size from 2,000 sq ft to 4,000 sq ft along with three roof terraces.

The building is situated in the heart of St. James’s, one of London’s most prestigious business districts and home to a variety of office occupiers, restaurants, hotels, private members’ clubs and art galleries. It is also close to the popular shopping locations of Jermyn Street and Bond Street.

Michael Baker, Chief Executive Officer of REM, the asset manager of 48 Pall Mall, said: “We are pleased to welcome Eight Advisory to 48 Pall Mall, as it looks to expand its UK operations. 48 Pall Mall has been designed as a premium workspace adaptable to the changing demands of expanding global businesses and is well-located in one of London’s most established and sought-after business neighbourhoods. The move reinforces the appeal of St James’s for businesses operating in and around the financial services sector, but the area also has a wealth of historic and contemporary amenities that make it appealing to a modern office occupier.”

Justin Welstead, Managing Partner of Eight Advisory UK said: “We are delighted to be moving to 48 Pall Mall to continue our growth in the UK and to working with REM on behalf of the building owners. St James’s is very convenient for business and we have many clients in the vicinity. The rapid growth of our UK operations led us to look for an office that would provide a stylish yet modern workspace for our highly dedicated consultants and allow us to properly support and service our clients when they come to visit.”

As well as 48 Pall Mall, REM is the asset manager of Park House in Mayfair and Shard Quarter in London Bridge, comprising The Shard, The News Building and the currently under construction Shard Place residential tower.

CBRE advised REM in this letting.

kjefford@costar.co.uk

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