PA Consulting has taken on a lease of two floors in the new Verde SW1 redevelopment project in the London West End. The Grade ‘A’ building features a number of sustainability features, such as bicycle spaces and number of large rooftop gardens. The firm will move into the space following its completion in Q3 2016, becoming its new global headquarters.
Verde SW1 is a redevelopment project, delivering a Grade ‘A’ building, which, once completed in Q3 2016, will offer more than 317,000 square feet of internal office space. The space is designed to provide tenants with a wide range of flexibility with respect to interior and design. In addition, the building, which is centrally located in London’s West End, supports space for more than 400 bikes as well as 40 showers and lockers. The building also has three rooftop gardens, which provide tenants with access to more than 20,000 square feet of greenery and vistas of the London Skyline. The building is being developed by Tishman Speyer, and is designed by architects Aukett Swanke, Adjaye Associates and MdeAS.
PA Consulting Group, which is majority owned by The Carlyle Group, recently announced it will take two floors in the new development, providing it with more than 58,000 square feet of office space. The office becomes the firm’s new headquarters building; moving from the firm’s current headquarters situated at Buckingham Palace Road. The global consultancy firm has a footprint of 29 offices in 16 countries.
Dan Nicholson, Head of UK for Tishman Speyer, says, “PA Consulting is a leading global management consulting and technology firm and a great tenant for us to secure into Verde SW1, which already includes Oaktree Capital, Pret-a-Manger and Waitrose. With strong competition from other developments in Victoria, we were able to secure the contract with our best-in-class amenities at Verde SW1 and the strong relationship we have built with PA, who also lease space from us in the Chrysler Building in New York.”
Hamish Maule, PA’s Head of Operations says, “PA’s business success and resulting growth has required that we secure a new headquarters building. We are pleased to be moving into Verde SW1 where we are creating an exciting space for our people and our clients to work together and to innovate. The team at Tishman Speyer have worked well with us over the last few months and are committed to supporting our planned move in early 2017.”