Case Study

Client

Caixa Geral de Depósitos, the second largest bank in Portugal operates in Europe, Africa, America and Asia.

Brief

Negotiate favourable terms for the disposal of the bank’s City office, resulting from a Compulsory Purchase Order (CPO) issued by TFL – prompted by the development programme to create London Underground’s third busiest interchange.

Result

Working closely with their legal teams, we secured excellent terms for the bank on the early surrender of a put-option.

In addition, we identified and orchestrated a seamless off-market acquisition of a 14,000 sq ft office, in a prime City location, in a highly competitive market.

Following the bank’s decision to cease trading in the UK, we marketed and disposed of the ninth-floor office within four months of instruction.