01 Jun 2015 | 07:52 am |
International law firm Pinsent Mason advises Abstract Securities on Virgin Atlantic's new head office.
Virgin Atlantic has entered into an agreement for lease to occupy the whole of Abstract’s Leonardo development in Manor Royal, just south of Gatwick Airport.
The move follows Virgin Atlantic’s return to profit in 2014 and represents a major letting coup for Abstract who only started their speculative 110,545 sq. ft. Grade A office scheme late in 2014.
It is intended that Virgin Atlantic will relocate to the new building from its existing Head Office in Crawley Business Quarter during 2016.
This building will provide complementary functions to the airline’s other building, The Base, in Fleming Way, which it will continue to occupy/own. Leonardo is due to complete at the end of 2015. Abstract will work with Virgin Atlantic to complete a bespoke fit out during early 2016 prior to occupation and the airline will take a 16.5 year term from 1 April 2016.
Mike Reid, property partner at Pinsent Masons, said: "Having helped Abstract buy the site and achieve planning approval, we are delighted to have played a part in the next phase of the development with this pre-let to Virgin Atlantic.”
Abstract has been one of the most active office developers in the UK over the last 3 years delivering close to a million sq. ft. of new Grade A office space in Croydon, Aberdeen, Glasgow and the Leonardo Scheme near Gatwick.
Multinational law firm Pinsent Masons has advised global energy company Puma Energy on the Luxembourg aspects of the successful issuance of $500m 7.750% high yield senior notes due 2029.
Multinational law firm Pinsent Masons is advising leading UK independent exploration & production company Ithaca Energy plc on its transformational combination with Eni S.p.A.’s UK upstream oil and gas assets, establishing Ithaca Energy as the second largest independent operator in the UKCS by 2024 production.
Multinational law firm Pinsent Masons has hired forensic accounting specialist David Lister as partner to bolster its professional services capabilities in investigations and fraud risk management.
Multinational law firm Pinsent Masons has appointed employment partner, Neil Black, as the new head of its Manchester office.
Multinational law firm Pinsent Masons has advised on an £83 million investment to fund the construction of 161 homes in the London Borough of Newham (LBN) – a key step forward as the borough seeks to tackle it’s housing gap.
Multinational law firm Pinsent Masons has advised the University of Birmingham on a 1,200-bed student accommodation project which will provide nearly 500 new student bedrooms and upgrade over 700 existing student bedrooms at Pritchatts Park Student Village.
For all media enquiries, including arranging an interview with one of our spokespeople, please contact the press office on
Location contacts
Europe: [email protected]
Asia: [email protected]
Middle East: [email protected]
Australia: [email protected]
