other material
confidence high
sentiment neutral
materiality 0.45
FTI Consulting signs 15-year London office lease; total rent ~$115M with expansion option to ~$145M
FTI CONSULTING, INC
- FTI Consulting entered into a lease agreement for its London office at One Exchange Square, comprising ~80,664 sq ft (expandable to 102,828 sq ft).
- Aggregate rent over 15-year term approx $115M ($145M if expanded), with quarterly payments after 16.5-month rent abatement.
- Lease includes break option at end of year 10, with potential additional 12-month rent abatement if not exercised.
- FTI Consulting Inc. acts as guarantor; expected possession on September 25, 2027, with option to elect expansion by January 31, 2026.