Clarkson PLC
26 May 2004
CLARKSON PLC
Embargoed until 12.00 noon
Press Release
26 May 2004
Clarkson PLC, the shipping services group, has agreed to take an assignment of
HSBC's lease of St Magnus House, 3 Lower Thames Street, London EC3. The lease
of the 135,000 sq ft building expires in December 2015.
HSBC pre-let 87,000 sq ft on the lower floors to law firm Berwin Leighton
Paisner in 2002 and Clarksons will occupy or sub-let the remaining vacant office
accommodation, totalling 48,000 sq ft on floors five to eight.
HSBC completed a comprehensive refurbishment of the building last year following
its move to Canary Wharf. An undisclosed premium was paid for the benefit of
the lease.
JPW Peiser Wainwright advised Clarksons, whilst CB Richard Ellis represented
HSBC in the transaction.
For further information please contact:
Rob Ward at Clarksons Tel 020 7334 0000 or
Howard Lock at HSBC Tel 020 7992 2087 or
Simon Wainwright at JPW Peiser Wainwright Tel 020 7317 3581 or
Roger Lister at CB Richard Ellis Tel 020 7182 3731
This information is provided by RNS
The company news service from the London Stock Exchange