Silver circle firm Ashurst is moving its London office after 30 years of work under its Appold Street roof. Ashurst currently occupies a little over 200,000 sq ft of office space across Broadgate Quarter and Broadwalk House. The new office will be located at 1-10 Brushfield Street in Spitalfields and the move will take place in 2019. This prime new office space, located in London’s Fruit and Wool Exchange is on a 20-year lease and will take up the totality of the aforementioned address.
For the 2014/15 financial year, the firm saw revenues drop by 4% with turnover falling from £568m to £561m. PEP also dropped by 7% from £801,000 to £747,000, However, the move is one of strategic and operational importance for the firm, which seeks to overcome this fall by focusing on areas such as financial services as well as infrastructure.