LaSalle Investment Management, acting on behalf of Malaysian investor Permodalan Nasional Berhad, has signed FTI Consulting for an 102,000 square-foot prelet at One Exchange Square, an 447,000-square-foot office development at Broadgate Campus in the City of London.
FTI , a global business consultant and a major UK public relations firm operating in real estate, will occupy three floors of the 13-storey scheme. The transaction was first tipped by CoStar News.
LaSalle said the firm will benefit from the building’s "vibrant, amenity-rich neighbourhood and outstanding location, just a one-minute walk from Liverpool Street Station, as well as its landscaped terraces on every floor, striking feature reception and 8,000 square-foot amenity lounge".
With One Exchange Square scheduled for completion in the first quarter of 2026, FTI Consulting plans to move into its UK head office in September 2028. It represents the first letting for the scheme.
LaSalle said more tenants are set to be announced shortly, with 95% of the building’s 430,000 square feet of workspace under offer ahead of practical completion. LaSalle did not mention the occupiers but CoStar News revealed last month that law firm Gibson Dunn is also now close to taking 140,000 square feet on the eighth to 12th floors, leaving the top 13th floor available. It is thought the space would lease at a blended rent of around £100 per square foot. In addition, American software giant Oracle is now favourite to take the 40,000-square-foot fifth floor.
The development is targeting a BREEAM Outstanding rating, NABERS 5* and Well Platinum certification. It anticipates achieving embodied carbon of 50% lower than a typical new-build office of comparable size after 90% of the existing structure was retained during redevelopment. It will be 100 percent electric, achieving operationally-aligned net zero carbon emissions when completed.
Gary Moore, head of international accounts, Europe, LaSalle Investment Management, said in a statement: “FTI Consulting is the kind of blue-chip occupier we envisaged when we launched this major redevelopment of One Exchange Square with PNB, so it’s exciting to be welcoming them as our first confirmed tenant. This letting is an indicator of the strong demand we’re encountering for this state-of-the-art, centrally located and sustainable office space. We’re more confident than ever that in One Exchange Square we have delivered a truly landmark London office scheme that will be highly sought-after for years to come.”
JLL acted for LaSalle and Cushman & Wakefield acted as tenant representative for FTI Consulting on the leasing of One Exchange Square. The project was designed by Fletcher Priest Architects, with M3 Consulting acting as development manager and Multiplex Construction Europe Limited serving as the main contractor.