European law firm Taylor Wessing has exchanged contracts with the Land Securities Group to move its UK head office to a building in London's New Street Square development. The law firm is leasing the majority of Building 5 on New Fetter Lane, some 15,400 m[sup]2[/sup] (166,000 square feet), on a 17-year lease. The rental profile varies on the building, with the upper floors costing £50 per square foot.
German-listed real estate company Branicks Group has sold a retail property in Bremen city centre to municipal urban developer Brestadt for €37.2 mln.
