3i and Land Securities agree terms on new London location (UK)

3i Group plc and Land Securities Group PLC announce that terms have been agreed for 3i to move its London office to Land Securities´ new development at Cardinal Place.

3i will be taking a lease over three floors of the recently completed 16 Palace Street, Victoria, SW1, accommodating all of its London staff.

Patrick Dunne, 3i´s Group Communications Director said: 'Cardinal Place is an excellent location which will provide a modern working environment for our employees and partners, and reflect 3i´s position as a leading international private equity firm.'

Mike Hussey, Land Securities´ Managing Director, London Portfolio added: 'Our confidence in Victoria as a location for prominent corporate occupiers and the calibre of the Cardinal Place development are reflected in this agreement with 3i. We are delighted to welcome them as a new Land Securities´ client.'

Colliers CRE acted for 3i, Jones Lang LaSalle acted for Land Securities.

Source: Land Securities

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