CMS rounds off post-merger real estate disposals with deal to exit Olswang's High Holborn HQ

Firm completes disposal of £132m post-merger real estate liabilities

CMS has sealed deals to offload all of the surplus office space it acquired in last year’s merger with Nabarro and Olswang, with its remaining interest in legacy Olswang’s 90 High Holborn base transferred back to the freeholder.

Last May’s three-way merger saddled CMS with surplus space in London, Singapore and Dubai, and while the disposal of legacy Nabarro’s London base to Lloyds Banking Group in November last year was a straightforward deal, the disposal of Olswang’s 91,000 sq ft City HQ has proved to be more complex.

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