Heron Tower secures law firm McDermott Will & Emery as first tenant

A law firm will be the first tenant in the Heron Tower – an office block planned to be the largest building in London.

McDermott Will & Emery will take up two floors of the 46-storey space, which is still under construction.

The firm will pay a rent of £55 per square foot for the 25,000 square foot its staff will occupy on the eighth and ninth floor.

Gerald Ronson, Chief Executive of Heron International, will try to let out the rest of the building at an opportune moment once signs of economic recovery surface.

The take up of London offices has fallen from 4.2 square metres to three square metres in the second quarter, according to The Telegraph. This could be attributed to the general election and concerns over the Emergency Budget.

William Beardmore-Gray, head of City leasing at estate agency Knight Frank, said: “It is encouraging to see the geopolitical upsets of April and May did not derail the market, but I think the second quarter figures remind us that the recovery is still at an early stage”.

Construction on the Heron Tower began in 2008 and is due for completion in 2011. The top floor will contain a restaurant overlooking the Bishopsgate office area.

Author: Amy Edwards | | 0 Comments

Blog Archive