LONDON, June 14,
2023 /PRNewswire/ -- Pearson, the world's
leading learning company, today announced that it has secured UK
and US based private equity firm, ECI Partners ("ECI") and UK based
medical insurer Vitality as subtenants at its global headquarters
on 80 Strand, London. ECI will be
taking c.14,000sq ft on the remainder of level 8 with Vitality
acquiring c.20,000sq ft on part of level 5 within the building.
![(PRNewsfoto/Pearson Education, Inc.) (PRNewsfoto/Pearson Education, Inc.)](https://mma.prnewswire.com/media/617186/Pearson_Logo.jpg)
Mundy Miller, VP, Global Head
of Property & Workplace, at Pearson commented: "We
welcome Vitality and ECI Partners as the newest tenants of the 80
Strand family and are grateful they have selected us as their new
home. The recent refurbishments we made to the building will foster
a positive business environment, increase employee collaboration,
and support our tenant's business objectives. 80 Strand's prime
location at the heart of Covent Garden - overlooking the River
Thames - offers easy access to great hotels and restaurants that
makes it an ideal location to conduct business."
Since the completion of the building's refurbishment in Summer
2022, c.140,000 sq ft of the building is now let or under offer
leaving c.85,000 sq ft of Grade A space available from Pearson. 80
Strand offers best-in-class contemporary office space with an
emphasis on high-quality amenities and technology. Following a
change in focus to a more modern, collaborative way of working, to
support the flexible working needs of its employees Pearson now
occupies just one floor of the building, and hopes to announce
further sub-tenants in the coming months.
The subtenancy arrangements with ECI and Vitality have been led
by its joint global real estate advisors, Gryphon Property Partners
and CBRE. ECI were represented by property consultancy,
Carter Jonas with Vitality advised
by property consultancy Gerald Eve.
See more of 80 Strand via Instagram (www.instagram.com/80strand)
and its website (https://80strand.london)
About Pearson
At Pearson, our purpose is simple: to
add life to a lifetime of learning. We believe that every learning
opportunity is a chance for a personal breakthrough. That's why our
c.20,000 Pearson employees are committed to creating vibrant and
enriching learning experiences designed for real-life impact. We
are the world's leading learning company, serving customers in
nearly 200 countries with digital content, assessments,
qualifications, and data. For us, learning isn't just what we do.
It's who we are. Visit us pearsonplc.com.
About ECI Partners
ECI is a leading private
equity investor, focused on offering collaborative support to
management teams who pride themselves on being straightforward to
deal with, we help where we believe we can add value. ECI manage
funds of over £2bn and invest in growth businesses valued up to
£300m, investing as either a majority or a minority investor, and
since 1976 have successfully partnered with over 250 growth
businesses.
About Vitality
Vitality is part of Discovery Limited,
a worldwide insurer and investment manager impacting more than 30
million members in over 40 markets worldwide, across Europe, the United
States, Australia,
South Africa, Canada and China.
Vitality pioneered the 'shared-value' insurance model, a unique
approach based on the scientifically proven principles of
behavioural economics. Through this model, Vitality helps members
take a more active role in managing their own wellness, encouraging
them to develop healthy long-term habits that are good for them,
good for the company and good for society. The effect is positive
for all stakeholders – members benefit from better health,
financial rewards and additional incentives; employers benefit from
healthier, more productive, and more engaged employees; and
Vitality benefits from a healthier membership base.
Contacts
Camilla Cunningham, Pearson
UK-Teneo-Pearson@teneo.com
Joe Wiggins, Pearson
joe.wiggins@pearson.com
Doyel Maitra , Vitality
Doyel.Maitra@Vitality.co.uk
Chloe James, ECI Partners
chloe.james@ecipartners.com
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SOURCE Pearson