Commerz Real leases 1,500 square metres in London to Gateley
Commerz Real has leased approx. 1,500 square metres of office space in the London office property “Paternoster Square” to legal and professional services group, Gateley, advised by Jack Measom at Knight Frank LLP. With the extension of the agreement by ten years the property remains fully leased. While Gateley has leased all the office areas since 2012, the ground floor is used for retail trade and food outlets. The property “Paternoster Square” and the neighbouring building “Paternoster House” were acquired in 2001 by Commerz Real for its open-ended real estate fund Hausinvest.
“As attractive office areas in London meet with great interest even in an era dominated by Corona and Brexit, we are confident we can attain further leasing successes in a timely manner,” explains Thomas Longerich, Managing Director of the London-based Commerz Real North Ltd. In “Paternoster House”, which this year will see improvement work, there are retail areas available for lease, and as of the end of the year office space will become available.”
Both properties at Paternoster Square stand out thanks to their central location in the immediate vicinity of the London Stock Exchange and their view over St. Paul’s Cathedral, which is located right opposite both buildings.