Leading law firm Wake Smith has signed a formal agreement to lease for its new 12,500 square foot headquarters in Sheffield city centre, making it the largest occupier of the V1 Velocity building.
The company, which announced its intention to move from its historical bases on Clarkehouse Road and Campo Lane in August, has now formally agreed to enter into a 15 year tenancy on two floors at the state-of-the-art V1 Velocity offices in the city’s West Bar district.
The deal makes Wake Smith the largest single tenant in the 36,500 square foot commercial element of building V1, when it joins existing tenants Brewster Pratap, Chase Medical, DLP Planning and Anytime Fitness in the early part of 2016.
Nick Lambert, Chairman of Wake Smith, comments: “We are delighted to have entered into a formal agreement to lease on our new offices at Velocity after many years of operating from premises at Clarkehouse Road and Campo Lane.
“The decision to move comes at a very busy period for the company and in anticipation of further growth. Part of the strategy behind our move is to enable that growth to happen in an environment which is better suited to our needs and the needs of our clients. We will also gain eight meeting rooms, kitchen facilities on each floor and parking in the site’s multi-storey car park.
“The operation to consolidate our two current offices is well underway and the floorplates at Velocity are ready for final fit-out. The move will position us centrally, alongside other legal practices, many of our clients and contacts and minutes from the law courts.”
Velocity, which is located on Tenter Street and Solly Street, is jointly marketed by the Sheffield offices of BNP Paribas and Knight Frank.
Wake Smith has been established in Sheffield for more than 200 years and became a limited company earlier this year, employing more than 100 staff including 46 fee earners and 18 directors and was founded in 1802 by Bernard John Wake as Wake & Sons.