Partner Article

LXM to relocate its UK headquarters to new Pall Mall development

The newly redeveloped 48 Pall Mall has secured its first major letting after investment banking advisory firm, LXM Group, agreed a 10-year lease at the building.

Asset manager Real Estate Management confirmed the letting on behalf of the office building’s owners, which will see LXM take over 3,835 sq ft of the development’s sixth floor as it shifts its UK HQ from Hobart Place in Belgravia.

Encompassing 32,000 sq ft of redeveloped office space, the upmarket, high specification building in St James’s has nine floors of offices ranging from 2,000 sq to 4,000 sq ft, along with three roof terraces.

Michael Baker, CEO of Real Estate Management Ltd. (“REM”), which manages 48 Pall Mall commented: “Since we launched 48 Pall Mall, it has received a significant amount of attention. We are pleased to welcome LXM to the building and its move from Belgravia reinforces the enduring appeal of St. James’s for occupiers in the financial sector.”

Matthew Mavridoglou, Chief Executive Officer at LXM Group added: “Since its establishment in 2010 LXM has enjoyed tremendous growth. We are delighted to announce this move – it reinforces our commitment to sustained growth as a firm underpinned by our provision of superior services that achieve our clients’ aims.”

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