Mayer Brown has advised Puma, the German manufacturer of athletic shoes, footwear, and other sportswear, on a 10-year pre-let of Sea Containers House on London’s South Bank.
The space, which will form Puma’s UK new headquarters, will comprise over 20,000 square feet over three floors of the South Building (a newly-built annex to Sea Containers). Puma is relocating from its current base at the Heal’s Building on Tottenham Court Road, W1.
Sea Containers - the 1970s landmark - is currently undergoing a major refurbishment by its owner Deerbrook, which will include a luxury hotel, refurbished offices, new restaurants and bars and additional retail space. Practical completion of the development is due to take place in January 2014.
Puma is one of the world’s leading sports lifestyle companies, distributing products to more than 120 countries. Puma has bases in Germany, London, Boston and Hong Kong.
Ben Henry, Real Estate senior associate, commented: "The revamped site will breathe new life into this part of the South Bank and it’s an exciting place for Puma’s new UK headquarters. We’re seeing that central London continues to be an attractive place for international companies to be based and Puma are looking forward to moving to such an up and coming area.”
The Mayer Brown team was led by Ben Henry, Real Estate senior associate. Ben also recently advised GF Financial Markets (UK) Limited, the London arm of one of China’s top securities brokers, on the letting of 1 Broadgate, London EC2 and FirstRand Bank on a ten-year lease of Austin Friars House, EC2, for their London Headquarters.