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JM Finn agrees terms on new headquarters

Wealth Management firm, JM Finn is pleased to announce that it has exchanged an agreement for a new London office in Copthall Avenue, EC2. The firm has taken the opportunity to create a working environment that will better reflect the requirements of a post-pandemic world and accommodate future growth.

The firm has agreed to take the 5th and part of the 6th floors at 25 Copthall Avenue, just a short walk from it’s existing headquarters in Coleman Street.

Hugo Bedford, CEO of JM Finn commented:

“I am delighted to announce that we have agreed to move our head office to Copthall Avenue.  We have been in our current home for 13 years, during which time the firm has changed considerably, not least due to the change of working patterns brought on by Covid-19.

“What excites me most about the new office is that all our staff will be working on one floor, as opposed to being across five floors as we are now. As a people business, I firmly believe that without personal interaction we lose the innovation, idea sharing and camaraderie that makes up the fabric of a firm like ours. My aim is to find an approach that blends the benefits of the office with a more agile approach to remote working and the new office will help us achieve this.

“With the lease on Coleman Street coming to an end shortly, we had to make a decision about what would work for us in the future today. This has clearly been difficult given the current situation but we have found an office that represents a significant improvement in the flexibility of the space with more contemporary amenities, all within a short walk of our current office and attractive from a commercial perspective,”

JM Finn will take the whole of the 5th floor and part of the 6th floor, the latter being for the exclusive use for client meetings, which also incorporates a wraparound roof terrace that can be used for client events. This sees the firm take a reduction in floor space of about 10%, which accommodates the firm’s ambitious growth plans whilst offering a more flexible approach to working.

The company will start to move all 250 staff based in London into their new home in Q4 2021, having taken possession in May 2021.

Having originally acquired the space for Merian, this off market deal was brokered by Knight Frank working with Simon Garfield Property, who advises Jupiter Asset Management, the new owners of Merian.

JM Finn have taken two leases expiring on 19.12.2030. The leases contain breaks as at 20.12.26 (on 9 months’ notice) and options to renew for a further 5 years with half rent for 12 months (on 6 months’ notice).

JM Finn have also announced that the Knight Frank Project Management and Cost Consultancy team have been appointed to assist them in delivering the fit out of their relocation to 25 Copthall Avenue.

 

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