Letting success for the KanAm Grund Group: Eversheds Sutherland extends lease at “One Wood Street”, London EC2

Eversheds Sutherland has agreed to regear its lease on 15,650 sq m. of offices at “One Wood Street”, London EC2. The new lease will see it remain in occupation long term. The global law firm has been a tenant of the property since 2007. “One Wood Street” is managed through a specialized institutional real estate fund of the KanAm Grund Group since 2017. The building has a total rental area of 17,000 sq m. and occupies a prime location in the heart of the City of London.

Anthony Bull-Diamond, Managing Director and Head of Investment and Asset Management Europe, says: "We are delighted that Eversheds Sutherland will remain a long-term tenant. It is a testament to the quality of the building and the unparalleled location that the renowned global law firm has chosen to remain at One Wood Street.”  

As a global top 10 law practice, Eversheds Sutherland provides legal services to its international client base from over 70 offices in more than 30 countries across Europe, the Middle East, the United States, Asia and Africa. 

Targeted asset management and sustainability measures lead to success at One Wood Street and  ensure high letting performance of the entire KanAm Grund Group portfolio     
At One Wood Street, the asset’s energy performance has been significantly improved by KanAm Grund Group's Asset Management team. Following a review and resulting energy optimization of key areas in the building, the team commissioned a new audit of the property resulting in an enhanced Energy Performance Certificate (EPC) futureproofing the building and ensuring it will continue to operate well beyond the 2030 deadline for non-domestic buildings to have an EPC ‘B’ rating or higher. Eversheds Sutherland are also set to benefit from a building which will demonstrate a high level of sustainability long-term.

KanAm Grund Group's staff are based in Frankfurt, London, Paris, Madrid, Munich, Luxembourg and Atlanta and come with deep local expertise and relationships.    
In the current market environment, a key focus of the business is on targeted asset management and sustainability measures to ensure a high leasing performance across the portfolio.

KanAm Grund Group's pan-European platform is also continuing to realize investment opportunities in the office, logistics and residential sectors; benefitting from anti-cyclical investment strategies across all risk profiles. Local market knowledge and long-standing relationships both within and across key European markets ensure a seamless and successful execution process.

KanAm Grund Group was advised in the transaction by lawyers, Dentons and, agents, RX London.