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 Tokai Carbon Co., Ltd. (“Tokai Carbon”) on the sale of its German subsidiary TOKAI ERFTCARBON GmbH (“TEG”), to Lenbach Equity Opportunities III. GmbH & Co. KG, which is exclusively advised by DUBAG Investment Advisory GmbH (“DUBAG”).
Multinational law firm Pinsent Masons has advised the shareholders of independent financial advisory and wealth management firm Shackleton, including the private equity buy-and-build specialist Sovereign Capital Partners, on the exit to Lee Equity Partners.
Multinational law firm Pinsent Masons has been announced by Business in the Community as one of The Times Top 50 Employers for Gender Equality in 2025. This year’s list marks the sixth time that the firm has been recognised for its commitment to embedding gender equality into all levels of the organisation.
Multinational law firm Pinsent Masons has appointed partners Tim Webb and Emma Maher to its property practice.
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.
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]
