REM confirm LXM Group as its first letting at the recently developed 48 Pall Mall in St. James's.
Real Estate Management (UK) Limited, on behalf of the owners of 48 Pall Mall, has confirmed its first letting at the recently redeveloped 48 Pall Mall. LXM Group (“LXM”), the investment banking and advisory services provider, has agreed a 10-year lease for the 3,835 sq ft sixth floor at a rent of £115psf, which will see it relocate its UK headquarters from Hobart Place, Belgravia.
48 Pall Mall has received significant interest from potential occupiers across a range of business sectors. The new 32,000 sq ft office building has been completely redeveloped behind a partly restored historic façade. It provides nine floors of high specification office space that range from 2,000 sq ft to 4,000 sq ft with three roof terraces and cycle storage.
The building is situated in the heart of St. James’s in Westminster, one of London’s most respected business districts and home to a variety of admired office occupiers, restaurants, hotels, private members’ clubs, and art galleries. It is also close to the popular shopping locations of Jermyn Street and Bond Street.
“Since we launched 48 Pall Mall, it has received a significant amount of attention. We are pleased to welcome LXM to the building and its move from Belgravia reinforces the enduring appeal of St. James’s for occupiers in the financial sector.”
“Since its establishment in 2010 LXM has enjoyed tremendous growth. We are delighted to announce this move – it reinforces our commitment to sustained growth as a firm underpinned by our provision of superior services that achieve our clients’ aims.”
48 Pall Mall is REM’s newest asset under management, adding to a respected group of properties including Western Europe’s tallest building The Shard, The News Building at London Bridge Quarter, and Park House in London’s West End. Savills and CBRE are 48 Pall Mall’s leasing agents.