The company’s impressive growth means that to accommodate its 400 employees, the consultants will occupy six floors of the prominent WC2 office building, which has views across to Trafalgar Square.
The imposing modern building is owned by Orchard Street Investment Management LLP, who has undertaken a major refurbishment of No. 11 Strand.
In September, £3.5 million was spent on renovations to the upper floors, whilst an earlier refurb to the ground floor has helped to attract famous retail (Next) and cafe (Paul) brands. The actuarial firm is currently spread across three separates West End offices in Piccadilly, at Lower Regent Street, Haymarket and Jermyn Street office.
The 10 year lease by Punter Southall will see the firm start to combine its London financial teams by next summer, as its existing leases start to expire.
Jonathan Punter, CEO of Punter Southall, said “This represents good value for us and our clients because we are still where they want us to be - in the West End – but also all in one place. It will also reduce duplication and offer economies of scale which will benefit both us and the people with whom we do business. We’ve been planning this for some time and look forward to welcoming our growing number of clients to our new home.”
Orchard Street’s Asset Manager, Anna Bradford, commented that: “We are thrilled to have secured a major tenant of this calibre and importance so soon after the completion of the refurbishment. This confirms the potential of this asset and the continuing strong demand for prime office space in the heart of London. This is a great result for our pension fund client.”