Travers Smith LLP has confirmed that it has signed an Agreement for Lease with Ivanhoé Cambridge, a global real estate industry leader and a subsidiary of CDPQ, a global investment group, regarding a move from its Snow Hill office headquarters to Stonecutter Court, EC4. The move will take place in 2025, when the firm's existing property leases will come to an end.
Utilising the existing foundations, the Stonecutter Court redevelopment will accommodate a new landmark 13-storey building, which will deliver 250,000 square feet of high-quality and flexible office space, adjacent to the recently completed Goldman Sachs building, and the Deloitte campus. It will benefit from efficient floor plates with great natural light, indoor and outdoor amenity spaces, including four roof terraces, and modern facilities for cyclists and runners.
Ivanhoé Cambridge, which is developing the site, is committed to meeting high environmental standards and finding sustainable solutions to reduce carbon footprint and build a sustainable legacy for the future.
Travers Smith will take the top nine floors of the building totalling 158,000 square feet with an option to take either an additional floor, or reduce by one floor, each of those floors being 20,000 square feet.
Managing Partner Edmund Reed commented: "We are a successful and dynamic firm, with ambitious plans. The move to Stonecutter Court shows our confidence in the future - an opportunity to build on our success and allow for growth in the coming years. With its modern, sustainable and inclusive design, this building reflects the vision for our business and will provide an exciting and vibrant working environment which will appeal to both our people and our clients."
Senior Partner Kathleen Russ commented: "As we continue to grow, the quality of our client offering needs to continue to be matched by the quality of our office space. I am delighted that we have secured the landmark building at Stonecutter Court which achieves this. The location of the offices works well for our core client base and, for our thriving and fast-growing Dispute Resolution team, has the added attraction of proximity to the courts. We look forward to welcoming our clients to our new offices in 2025."