GVA unveils new state-of-the-art London HQ
Company confirms 50,000 sq ft in City of London
GVA, the UK’s largest independent commercial property adviser, confirms it has agreed terms on 50,000 sq ft of highly contemporary work space at 65 Gresham Street in The City of London. GVA’s modern new London HQ will engender far greater agility. The new accommodation will extend over just two floors whilst accommodating almost its entire London workforce of 500 staff.
GVA will also retain a further 5,000 sq ft space in the West End, although details of its exact location are yet to be confirmed.
Currently, 350 staff are spread across seven floors at its existing HQ at 10 Stratton Street in Mayfair, and a further 150 staff reside at GVA’s city base at 80 Cheapside.
The dominant new office will greatly improve its existing arrangement by meeting the needs of its London-based staff under one roof and less floors to create greater integration and an agile working ethos.
GVA aims to secure the new premises, on a 10 year sublease from JP Morgan, by the end of the financial year, and then complete the move by 2015.
The relocation will take advantage of the company’s impending lease expiry on its existing headquarters at 10 Stratton Street, London, set for March 2015.
Rob Bould, Chief Executive at GVA, comments: “We are delighted to announce we’ve agreed terms on our new state-of-the-art national headquarters. This move will form an essential component in our wider UK growth strategy, and a global hub for our growing international reach. As client and business needs advance, GVA needs to become lighter on its feet. The wider influence of our new head office will be transformational for this business.
Last year we reported a major jump in profit and a significant reduction in net debt. With us aiming to become a debt-free business within the coming six to eight months, this move will mark yet another milestone in the future growth of this, the UK’s largest privately owned commercial property adviser.” The company will leave its West End Management and West End Office Agency teams in its current locality. The additional 5,000 sq ft requirement will therefore allow both teams to service their existing client base and asset portfolio effectively.
The new West End office, the exact location of which is yet to be confirmed, will be located close to the Central Line for ease of access between both London offices.
TP Bennet, the occupational consultant, is advising GVA.