Acting on behalf of Leicestershire County Council, FHP Property Consultants have announced the letting of the offices at Embankment House, Riverside Business Park to Knights plc, a fast growing legal and professional services business which has 13 offices across the UK and employs some 930 professionals.
The new office move is to serve as an expansion following Knights plc’s recent acquisition of Fraser Brown Solicitors earlier this year.
This new acquisition brings together a number of smaller offices in Nottingham previously occupied by Fraser Brown to one single hub of Grade A offices on a single floor plate. Knights plc join St James’s Place Wealth Management and The Ministry of Justice in Embankment House.
Mark Tomlinson, Director at FHP who acted on behalf of the Landlords, commented:-
“Embankment House was one of the last remaining fully refurbished Grade A office options in Nottingham City with a real lack of supply of good quality options above 10,000ft2. We agreed terms with Knights plc during lockdown and all parties acted swiftly to get this deal over the line.
This deal is further evidence that there continues to be good quality appetite for office space as part of a more flexible working strategy for professional services companies.“
David Beech, CEO at Knights plc, commented:-
“Ensuring our office spaces are fit for the needs of the modern lawyer is central to maintaining the strong operational backbone of the business that we have built. The office at Embankment House gives us the space to continue to expand in the East Midlands, while supporting our modern and collaborative way of working”.
Sam Cooke at Carter Jonas, who acted on behalf of Knights plc in the transaction, commented:-
“It has been a pleasure to work with Knights on their expansion in the East Midlands. Their continued investment in office space is a key part of their growth strategy, and we were keen to find them the best location to support their collaborative culture and ability to grow whilst providing a cohesive environment that reflects their commitment to colleagues and clients. Our team has extensive knowledge of the regional office market, and we knew that Embankment House would perfectly fit the next stage of their development.”
Innes England were joint agents in the deal.