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Kajima signs Loomis Sayles at 77 Coleman

Investment manager Loomis Sayles has picked City office block 77 Coleman Street, EC2, for its new office, taking a floor that had been set aside for the scandal-hit Dolfin Financial.

The Boston-based company will take 8,115 sq ft on the sixth floor of the building, which is owned by Kajima Properties, after Dolfin pulled out of the deal because of restrictions imposed on it by the Financial Conduct Authority in March.

Loomis is relocating to the newly completed building from its West End office at 25 St James’s Street, SW1. It will join Amundi, the French asset management company, which occupies three floors.

Designed by Buckley Gray Yeoman, the 83,000 sq ft office and retail scheme was completed last year, after the former 1980s office block on the site underwent redevelopment.

Located near Moorgate Tube station, the building was given a platinum rating by Wired Score and a BREEAM Excellent rating. It incorporates a cafe, shared workspace, three terraces with views over the surrounding streets and 146 cycle spaces with extensive shower and changing facilities.

John Harcourt, managing director at Kajima Properties, said: “The letting of this space twice in six months underlines the resilience of best-in-class offices in sought-after locations amid the difficult conditions caused by the pandemic.

“More than ever, occupiers are demanding exceptional quality: after a year of remote working, offices now need to be worth the commute, and we are proud that 77 Coleman is clearly hitting the right note.”

The deal with Dolfin collapsed after the FCA effectively put a stop to the company’s activity in the UK. The FCA’s concerns related in part to Dolfin’s handling of so-called “Golden Visa” investments, which confer citizenship on individuals making qualifying investments.

CBRE and BH2 are the letting agents for the office space. Retail and leisure space at the site is marketed by Harper Dennis Hobbs and CBRE. Cushman & Wakefield acted for Loomis Sayles, and Summit acted for Dolfin.

To send feedback, e-mail alex.daniel@eg.co.uk or tweet @alexmdaniel or @EGPropertyNews

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