BusinessTenant lined up for Rathbone Brothers' former Mayfair officeLondon-listed firm Rathbone Brothers exited its 1 Curzon Street office in February 2017Joanna Hodgson27 February 2018Wealth management group Rathbone Brothers is nearing a deal to offload its former 1 Curzon Street office in Mayfair which has sat empty for a year, the Evening Standard can reveal.The FTSE 250 firm relocated to a larger building from the old MI5 HQ last February without finding a replacement tenant for the 44,000 square feet of space. However, it has a lease there until 2023, meaning it has had to keep paying rent to the landlord.Property sources claimed investment bank Houlihan Lokey is now under offer to either take a lease assignment or sublet the space, in a move that would cut overheads for Rathbone Brothers.It is understood US-listed Houlihan Lokey needs much larger premises in London after buying UK advisory firm Quayle Munro last month.The pair would relocate from Pall Mall and Shaftesbury Avenue respectively.Read MoreLandSec and Qataris land new West End office tenantsShiseido expands London office with move to Adelphi BuildingMagazines giant Hearst set for new London HQ in Leicester Square“It’s a welcome sign ahead of Britain leaving the EU that a US business is committed to taking a large office in London which gives it room to grow further,” said one West End property expert.Agents CBRE and GVA are advising on the deal.All parties declined to comment. MORE ABOUTCommercial propertyRathbone Brothers
