Pembroke has pre-let 41 Lothbury to global law firm Addleshaw Goddard.

The firm will occupy 114,000 sq ft of office space on a 15-year lease and work alongside developer Pembroke, its construction partner Wates Construction and architectural practice Stiff + Trevillion to transform the Grade-II-listed former bank premises into a turnkey solution which allows the law firm to relocate easily, and benefit from the best facilities where employees can thrive.

Addleshaw Goddard will move to its new offices upon completion in 2024.

The refurbishment of 41 Lothbury will be a prime example of working within an existing building structure and reusing existing materials to enhance an office asset and reduce carbon emissions. This will be achieved by transforming 41 Lothbury into an all-electric building with energy provided through air-sourced heat pumps allowing the building to achieve NABERS accreditation and contribute to Pembroke’s objective to be Net Carbon Zero by 2035. 41 Lothbury also hopes to secure a BREEAM Excellent rating and Platinum Wired Score.

Pembroke recently unveiled the revitalised 25 Cannon Street, where the office asset was into a mixed-use space complete with new retail and F&B units, as well as partnering with the City of London Corporation to create The Reflection Garden, a new tranquil public space for those who work, live, and visit the City.

Matthew Knight, Vice President, Head of UK and Head of European Development at Pembroke commented: “We are proud that Addleshaw Goddard has selected 41 Lothbury as its new London headquarters. We are especially pleased that they have entrusted us and Wates Construction to deliver a high-quality workspace which is fit for their needs and offers facilities and services that encourage productivity and employee engagement.

We look forward to working closely with Addleshaw Goddard and Wates Construction to deliver this transformation of an iconic City of London building. This project builds on the success of 25 Cannon Street and demonstrates how we are helping to optimise collaboration and innovation to embrace the future of work across the City of London.”

John Joyce, Managing Partner, Addleshaw Goddard said: “This is a really exciting move for us. Our new HQ and the client experience there will capture the imagination of our people and provide an inspiring space, with amazing credentials, for current and future generations of AG. We wanted to create the best possible environment for collaboration while also factoring in future growth in a more modern building configuration with better environmental credentials than our current space provides and 41 Lothbury will tick all the boxes. London has delivered impressive growth for us and, in our new HQ within a historic building in the heart of London’s financial district, we will have the opportunity to grow further. The move underpins our continued ambition to service our great clients from a fantastic City which is instrumental in supporting our global platform.”

Addleshaw Goddard's current offices are at Milton Gate, 60 Chiswell Street in Clerkenwell, which it has occupied since 2009.

Cushman and Wakefield and JLL advised on the letting on behalf of Pembroke.

New Transaction

Subscribe to key milestones on Buildington →