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CB Hillier Parker Signs at Paternoster Square

LONDON-CB Hillier Parker--the EMEA arm of CB Richard Ellis--has become the first major London broker to quit the West End by taking a new headquarters complex at Mitsubishi Estate Company's Paternoster Square scheme in the City of London.

By Graham Parker | Updated on August 21, 2001

LONDON-CB Hillier Parker has broken ranks with the rest of the brokerage community by announcing it will relocate its head office to a new site in the City of London. Traditionally London brokers have operated out of Mayfair in the West End.

The firm–the EMEA arm of CB Richard Ellis–has agreed to pre-let St Martin’s Court at Mitsubishi Estate Co.’s Paternoster Square development, alongside St Paul’s Cathedral. St Martin’s Court is scheduled for completion in 2003 and will provide CB Hillier Parker with 100,000 sf of modern space with floor plates of 20,000 sf. This is a far cry from the antiquated space currently occupied by the firm in Mayfair.

‘This is a symbolic move for us and it is evidence of the modernisation that is taking place at CB Hillier Parker’, explains managing director Mark Creamer. ‘The 20,000-sf floor plates allow us flexibility with which to plan the use of the new space. We are currently looking at how we conduct business and utilise space. We are unlikely to occupy St Martin’s Court in the traditional way’, he adds.

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