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Tishman Speyer leases space in Verde SW1 building to PA Consulting

27 July 2016

Tishman Speyer, one of the world’s leading developers, owners, operators and asset managers of first-class real estate, today announced an agreement with PA Consulting for Verde SW1, their flagship development in London’s Victoria.

Founded in 1943, PA Consulting Group (PA) specialises in management consulting, technology and innovation and is an independent firm of over 2,600 people, operating globally from offices across the Americas, Europe, the Nordics, the Gulf and Asia Pacific. PA are experts in consumer and manufacturing, defence and security, energy and utilities, financial services, government, healthcare, life sciences, and transport, travel and logistics.

Verde SW1 is a state-of-the-art redevelopment in the heart of Victoria in London’s West End. Once complete in Q3 2016, the building will provide a total of 317,083 SF of net internal area, along with six expansive roof gardens totaling over 20,000 SF and offering stunning views across the London skyline.

The building was designed by internationally-renowned architects Aukett Swanke, Adjaye Associates and MdeAS. From basement to rooftop, every detail has been shaped to create an efficient and harmonious space for businesses to thrive and employees to enjoy amenities developed to the highest environmental and sustainability standards.

When the building opens PA will occupy two floors, totaling 58,620 SF. Following the signing, the building is now 48% pre-let.

Dan Nicholson, Head of UK for Tishman Speyer, said “PA Consulting is the 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 said: “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.”

Verde SW1 is one of five major property acquisitions or developments for Tishman Speyer in London. Their portfolio includes The Point in Paddington, 100 New Oxford Street, 33 Holborn and The Economist Plaza in St James’s.

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