Russell-Cooke has advised Hong Kong investment fund Vervain on a lease at its building, 10 Fleet Place, to the global business news channel CNBC. The transaction completed in June 2025.
CNBC signed a new 10-year lease for the ground floor of the central London office development. The deal sees CNBC relocate from the sixth floor to a newly reconfigured ground floor space. The new unit will house a state-of-the-art multimedia hub, including a television studio where daily broadcasts will be visible from Fleet Place Square.
Chris Barkley from Russell-Cooke's real estate, planning and construction team, advised on the deal, working on the negotiation and structuring of the lease and ancillary documentation, including an extensive bespoke fit out.
We’re pleased to have supported Vervain and its asset manager Addington Capital on this strategically important lease transaction. The arrival of CNBC’s ground floor studio brings a high-profile presence to 10 Fleet Place and is set to create even more of a buzz around this popular mid-town development. Russell-Cooke has advised on a number of high-profile landmark properties in prime central London locations recently and this deal further cements our reputation for high quality expertise on these transactions.
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