THE SHARD EFFECT CONTINUES FOR FORESIGHT
Office occupier Foresight Group expands with new letting on level 18 at The Shard.
The independent infrastructure and private equity investment manager, Foresight Group, has increased its office space by 36%, leasing a further 10,143 sq ft on level 18.
Foresight was one of the first office occupiers to move into The Shard in May 2014, when it relocated its headquarters from Sevenoaks in Kent to a purpose-built suite that occupied half of level 17 (9,500 sq ft).
Group Chairman Bernard Fairman coined the phrase “The Shard Effect” to explain the company’s rapid growth following its move to the building. The company doubled in size in just two years and moved to occupy the whole of level 23 (17,710 sq ft) in October 2015.
“OUR BUSINESS HAS GONE FROM STRENGTH TO STRENGTH SINCE WE MOVED TO THE SHARD IN MAY 2014, WITH GROWTH IN ASSETS UNDER MANAGEMENT AND COMMENSURATE GROWTH IN STAFF LEVELS. AS WE CONTINUE TO EXPAND, IT WAS VERY IMPORTANT TO THE MANAGEMENT TEAM AT FORESIGHT TO ENSURE ALL DEPARTMENTS REMAIN IN ONE LOCATION TO MAXIMISE THE BENEFIT OF ‘THE SHARD EFFECT’.”
Group Chairman, Foresight Group
Foresight is one of a number of companies that have expanded since moving into offices at The Shard including Duff & Phelps and MATCHESFASHION.COM also taking more space.
“FORESIGHT WAS ONE OF OUR FIRST OFFICE OCCUPIERS AND ITS FOOTPRINT HAS GROWN BY MORE THAN 75% IN THREE YEARS, WHICH IS ASTOUNDING AND WE ARE PROUD TO HAVE CONTRIBUTED TO ITS SUCCESS.”
CEO, Real Estate Management (UK) Limited