Nuveen Real Estate’s Lettings At 70 St. Mary Axe In London


Clifford Chance has advised Nuveen Real Estate on the deal.

Nuveen let eight floors, totalling more than 115,000 square feet at new development 70 St. Mary Axe in the City of London to seven separate occupiers.

The series of lettings secures a diverse range of occupiers for the building, including: CBRE Group subsidiary Hana that has taken three floors in the building for its flexible working outfit; energy company Vattenfall that has taken the fifth floor; technology companies Samsung and Hewlett Packard that have each taken part of the ninth floor; renewable energy infrastructure company Cubico Sustainable Investments that has taken part of the 11th floor; property consultancy firm Montagu Evans that has taken part of the 11th floor and the 12th floor; and Watch House Coffee that has taken the ground floor retail unit.

70 St. Mary Axe is a semi-elliptical building, with approximately 28,000 sq m (300,000 sq ft) of net office space over 20 floors, arranged above a double-height foyer on the ground floor. The building’s external skeleton defines it in a distinct manner, restricting solar gain. Sustainability is high on the agenda, with the asset pre-certified WELL Gold, wired-score platinum and cycle score platinum.

Clifford Chance Real Estate Partner Mark Payne (Picture) led the transaction team and was assisted by Associates Melissa Sykes and Lena McCrae. Tax input was provided by Partner David Saleh and Senior Associate Edward Page.

Involved fees earner: Lena McCrae – Clifford Chance; Edward Page – Clifford Chance; Mark Payne – Clifford Chance; David Saleh – Clifford Chance; Melissa Sykes – Clifford Chance;

Law Firms: Clifford Chance;

Clients: Nuveen Real Estate;

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