Mishcon de Reya has signed a 20-year lease with Oxford Properties Group, a leading global real estate investor, developer and manager, for four floors in Holborn-based MidCity Place. Oxford is currently undertaking a £20 million refurbishment and decarbonisation of the 350,000 sq ft office building, which is due to complete in 2027.
The new office space will be 161,000 sq ft across four floors, including a large client hospitality and events space. The firm will move into MidCity Place in 2029 following a full fit out and has also taken an option on an additional floor providing it with expansion space, in line with its growth plans. The space combines efficient and sustainable design, with the Mishcon “wow” factor the brand is known for.
Oxford’s comprehensive refurbishment programme will transform the building’s amenities, enhancing the arrival experience on the ground floor and adding a library podcast studio and social workspaces. It will also include the addition of outside spaces with a rooftop terrace and courtyard.
In line with Oxford’s sustainability and net zero carbon ambitions, MidCity Place has undergone a significant decarbonisation programme in 2026. The building is now fully electric in operation and supplied by 100% renewable electricity, improving both sustainability performance and operational efficiency.
MidCity Place is owned by a 50:50 joint venture between Oxford and Temasek, with Oxford managing the building on behalf of the joint venture. The building is now 100% committed to a range of strong global corporate occupiers, with a Weighted Average Unexpired Lease Term of 15 years.
Oxford was advised by JLL, Farebrother and Ashurst, and Mishcon de Reya was advised by CBRE and CMS.
Jay Drexler, VP, Asset Management at Oxford Properties, commented: “Securing Mishcon de Reya, one of London’s leading law firms, and achieving full occupancy further reinforces MidCity Place’s position as a premier Midtown office building. This long-term commitment reflects the quality of the asset and the investment we are making to enhance the occupier experience through best-in-class amenities and leading sustainability credentials.
“Supported by the continued demand for high-quality, well-located office space in Central London, this transaction highlights the value that active asset management can create by attracting world class occupiers to premier workplaces. As demand increasingly concentrates in the highest-quality buildings and future supply remains constrained, we remain highly confident in the long-term outlook for prime offices and continue to see opportunities to create value through repositioning and redevelopment across London and Europe.”
Daniel Naftalin, Managing Partner at Mishcon de Reya, remarked: "Moving to a new property can say a lot about a firm. We are tremendously excited about our upcoming move into MidCity Place, and believe it encapsulates the forward looking nature of the firm, a sense of our ambition and confidence in our future. The move marks the first time in some years our London office will be under one roof, and the move has been designed with connection and culture in mind.
"This move marks a significant milestone for the firm and supports our Vision 2030 strategy, reinforcing our commitment to growth, collaboration and excellence in client service. The area also has meaning for us – we have thrived in Holborn for decades, and this move cements it as our home for a long time to come."
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