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KPMG confirms sale of London HQ to Kingboard Investments

KPMG confirms sale of London HQ

KPMG in the UK has exchanged contracts to sell and leaseback its London headquarters, 15 Canada Square in Canary Wharf, to Kingboard Investments for c. £400m.

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KPMG in the UK has exchanged contracts to sell and leaseback its London headquarters, 15 Canada Square in Canary Wharf, to Kingboard Investments for c. £400m.

Kingboard Investments is a wholly owned subsidiary of Kingboard Chemical Holdings Limited, a Hong Kong based investor. KPMG will continue to occupy 15 Canada Square, which comprises 434,261 sq ft (40,328 sq m) and is located next to the new Crossrail station in Canary Wharf. The firm will enter into a 25 year lease when the deal completes in January, reaffirming KPMG’s long-term commitment to London.

Philip Davidson, Managing Partner at KPMG UK, said: “We received strong interest from global investors seeking to benefit from a favourable exchange rate and acquire prime assets in London. The deal has enabled us to capitalise on the rising property market and invest further in new technology to benefit our clients.”

Jones Lang LaSalle acted on behalf of KPMG as agent during the sales process. Savills advised Kingboard Investments. Eversheds were KPMG’s solicitors and BLP acted for the buyer.

 

-ENDS-

 

For press enquiries please contact:

Zoe Sheppard, Head of Press Office

T : +44 (0)117 905 4337

E : zoe.sheppard@kpmg.co.uk

Simon Wilson, PR Assistant Manager

T : +44 (0) 207 311 6651

M : +44 (0) 778 537 3397

E : simon.wilson@kpmg.co.uk

*High resolution images of the building are available upon request

About KPMG

KPMG LLP, a UK limited liability partnership, operates from 22 offices across the UK with approximately 13,500 partners and staff. The UK firm recorded a revenue of £2.07 billion in the year ended 30 September 2016. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. It operates in 155 countries and has 189,000 professionals working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. Each KPMG firm is a legally distinct and separate entity and describes itself as such.

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