Law firm Fieldfisher has agreed a headquarters lease extension in a deal that sees it commit to the London building until 2035, as a host of companies continue to look at future office plans.
The company occupies around 81,000 sq ft at Riverbank House which is close to Cannon Street station. The property has an "excellent" rating in the BREEAM sustainability assessment method.
The current lease runs until February 2026, but it will now stay for a longer period after the latest deal with Man Group, the head leaseholder on the property.
The deal comes as employers assess how much office space they need, with hybrid working still popular. A number of central London landlords have seen high demand for top quality space that is more environmentally-friendly than many older buildings in the capital.
It also suggests that many firms do still consider having London office space as important, even if staff are only in for a few days per week.
Recent lettings include Barclays extending its lease at One Churchill Place in Canary Wharf, while a number of pre-let agreements were inked last year.
Robert Shooter, managing partner at Fieldfisher said: “We are delighted to have extended our lease on Riverbank House, a landmark building in a highly desirable location."
Shooter added: "Investment in-best-in class accommodation supports our strategy to create an outstanding working environment for our people, our clients and future recruits, to drive collaboration, innovation and future growth of our firm.”
Jack Tomlin, head of City tenant advisory group at CBRE, which acted for Fieldfisher said: “Refurbishment and reimagination of existing assets are becoming increasingly prominent themes in an evolving market, which is characterised by high construction costs and sustainability pressures through our planning system.”
Man Group was represented by property agent BNP Paribas Real Estate.
