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28 Oct 2020

Stephenson Harwood advises Schroder UK Real Estate Fund on Arrival UK headquarters expansion deal

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Law firm Stephenson Harwood LLP has advised Schroder UK Real Estate Fund (SREF), in its role as landlord, on a deal with Arrival to increase its office letting at SREF’s Kensington Village, London.

Arrival, a UK electric vehicle start-up, recently secured funding – US$118 million from funds managed by BlackRock – to help the group accelerate its growth. Arrival – which will occupy the whole of Beaumont House, Kensington Village, on a 15-year lease – will use the increased space to accommodate its growing team, and research and development activities. The deal sees Arrival’s office space increase from 41,000 sq ft to approximately 80,000 sq ft.

Kensington Village, located in west London, comprises former Victorian warehouses which have been redeveloped into modern workspaces for innovative businesses. SREF ensures that environmental, social and governance aspects are incorporated into its investment strategy, and this letting expansion deal with Arrival is in line with this sustainable approach.

The Stephenson Harwood team was led by partner Simon Brading, who was supported by senior associate Hannah Nicholls and associate Robin Willard.

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KEY CONTACT

Simon Brading

Simon Brading
Partner

T:  +44 20 7809 2525 M:  +44 7557 284 641 Email Simon | Vcard Office:  London

Hannah Nicholls

Hannah Nicholls
Senior associate

T:  +44 20 7809 2048 M:  Email Hannah | Vcard Office:  London

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Rose Russell
Communications and PR executive

T: +44 20 7809 2961 
Email Rose