Press releases

Burson-Marsteller to join Mindshare at Legal & General's Central Saint Giles.

MEC's Central Saint Giles, West End, London
MEC's Central Saint Giles, West End, London

20 January 2011

MEC's Central Saint Giles, West End, London
MEC's Central Saint Giles, West End, London

Burson-Marsteller, one of the UK’s leading PR agencies and a subsidiary of marketing communications giant WPP, has signed up to take half a floor at Legal & General Property and Mitsubishi Estate Company’s Central Saint Giles scheme, in London’s West End.

The vibrantly coloured Central Saint Giles, designed by Renzo Piano, is an exemplar of excellence in office-led mixed-use development consisting of approximately 400,000 sq ft of Grade A office space, 56 private apartments, 53 affordable homes and nine new restaurants and café bars arranged around a new courtyard piazza.

Burson-Marsteller is taking space on the 43,000 sq ft 6th floor. Rental details were not disclosed. In October, Mindshare another WPP subsidiary signed up to take 78,000 sq ft on the seventh and eighth floors of the iconic building.

Simon Wilkes head of development at Legal & General Property said: “We are delighted Burson-Marsteller, another company from the stable of world leading WPP marketing and communications, has decided to endorse the quality of our building by relocating to Central Saint Giles.

Separately online advertising firm Specific Media has completed its deal to take the 25,000 sq ft 10th floor and NBC Universal has agreed to take 112,000 sq ft from ground to part third floor. This represents 60% of the building which is now let or under offer.

Cushman & Wakefield and Jones Lang LaSalle are advising the Central Saint Giles Partnership. James Andrew International is advising Burson-Marsteller and Mindshare.

-Ends-

Notes to editors

Legal & General Property:

Legal & General Property (LGP) is a wholly-owned subsidiary of Legal & General Investment Management (LGIM) and one of the largest institutional property fund managers in the UK. LGIM had funds under management of over £342bn as at 30 September 2010, whilst LGP manages or co-manages 16 separate funds or vehicles and 2 segregated mandates, with an aggregate asset value of over £9.4bn as at 30 September 2010. These funds include:

Specialist Pooled Funds

The Leisure Fund Limited Partnership; Industrial Property Investment Fund; UK Logistics Fund; Arlington Business Parks Partnership; and the English Cities Fund

Single Asset Vehicles

Bracknell Regeneration Partnership; Central Saint Giles Partnership; Performance Retail Limited Partnership and Warrington Retail Limited Partnership

Balanced Funds

Life Fund; Linked Pensions; Linked Life; Managed Fund; Property Unit Trust, UK Property Income Fund; and LPI Income Property Fund.

LGP’s UK-focused fund management platform has built and retained a strong track record of out-performance across the sector. Owing to its size, diversity and penetration, it benefits from best in class banking and property industry contacts which, along with its wealth of in-house skill and expertise, have enabled it to continue to attract and secure high quality market opportunities. Taking a client-centric approach, the business places the highest priority upon integrity and transparency. Sector specialists cover each sphere of the market and are supported by LGP’s market-leading research capability.

LGP’s sector specialism’s cross all facets of the real estate market. In particular, the Company has a major development platform, responsible for delivering the West End office market’s latest landmark, Central Saint Giles, and currently involved in developing two further high profile London schemes, Walbrook Square and Agar Street, as well as significant town-centre retail regeneration projects, including Bracknell, Northampton and Eastbourne.

The UK Property Income Fund aims to generate strong returns through careful stock selection, acquiring larger lots size assets where there is a yield advantage. The Fund is seeking assets with secure income streams and the opportunity to capitalise on LGP’s strong track record of asset management and its sector specialist skill set. The Fund is set apart from its competition owing to its highly innovative debt structure which enables both geared and ungeared subscriptions, providing investors with flexibility to select their optimal level of leverage.


For more information please contact:

Steve Leach

Steve Leach
PR Manager Investments

t: +44 (0) 2031 242096
e: steve.leach@lgim.co.uk


About Legal & General

Legal & General Property Limited.

Registered address:
One Coleman Street
London EC2R 5AA.
Registered in England 2091897.

About Legal & General

Legal & General Investment Management Limited.

Registered address:
One Coleman Street
London EC2R 5AA.
Registered in England 2091894.

t: +44(0) 20 3124 2096
www.lgim.co.uk


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