UBS

We advised UBS on their overall occupational strategy in London.  This involved a review of UBS's existing holdings and advising them on consolidation and introducing flexibility into their lease arrangements to allow an efficient exit in conjunction with advising on the pre-letting of 5 Broadgate off plan.  This included negotiating the terms, including flexible expansion and contraction rights, operational control, and onward sale profit share and pre-emption arrangements.  Our role involved ongoing adhoc advice during the 6 year delivery programme of a new 700,000 sq ft HQ building.