Investor aiming to up exposure to UK energy capital GG Capital has bought Equinor House…
S&C secures new lease terms with landlord GG Capital on its Midtown HQ
US law firm Sullivan & Cromwell has secured a seven-year lease regear with landlord GG Capital at its 67,000 sq ft London headquarters.
GG Capital, a real estate private equity firm, bought the building at 1 New Fetter Lane, EC4, in 2017 from UBS on behalf of a client.
David Wilson, director of CBRE Investor Leasing, said the regear indicated “the continued attractiveness of London for large international companies, who continue to seek high-quality, amenity-rich space in the capital”.
Karl Abawatt, a founding partner at GG Capital, added: “This is an important asset management initiative for us and plays testament to the resilience of the central London market.”
CBRE acted for GG Capital on the renegotiation.
GG Capital races to £55m refinancing with Aareal Bank
Aareal has provided around £55m of debt to GG Capital to refinance 1 New Fetter…