Mayer Brown lands £17.9m payout from landlords
Mayer Brown has received a cash contribution of up to £17.9m from landlords British Land as part of an agreement over its new Bishopsgate building. The firm's limited liability partnership (LLP) accounts for the 2007-08 year show the firm received a developers' contribution of £17.9m to fund the firm's fit-out of its new offices at 201 Bishopsgate.The contribution was part of a 'shell and core' agreement - typically drawn up by landlords - to form an incentive for Mayer Brown to take up the new office space. Under the terms of the agreement, British Land will also acquire the firm's old Pilgrim Street office space.
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