JAC Group appointed by Investec Asset Management

The JAC Group Project Management team are delighted to have been appointed by Investec Asset Management to oversee their London office relocation project from Woolgate Exchange to 55 Gresham Street, London.

55 Gresham Street was acquired by Angelo Gordon and Beltane in 2014. The head lease with the City of London Corporation was re-geared and planning consent secured for a major redevelopment designed by Fletcher Priest Architects.

The comprehensive redevelopment of the building will deliver 121,600 sq ft of prime office space across 11 floors, located in the centre of the City of London’s financial district in June 2020.

Duncan Roe, partner at Beltane, said: “The fact that Investec Asset Management, a distinctive global organisation, has decided to relocate to 55 Gresham Street prior to its completion, is an endorsement of the quality of the development. The deal also represents the area’s continued pull for financial occupiers who remain committed to the City of London.”

JLL and Cushman & Wakefield advised Angelo Gordon and Beltane Asset Management; Devono Cresa acted on behalf of Investec Asset Management.