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LONDON-King & Spalding, the Atlanta, GA-based law firm has made a move into the European market, taking 9,396 sf of offices in the City of London for its first UK office. The firm has agreed a subletting at City Place House, 55 Basinghall Street, London EC2 from fellow US Cleary Gottlieb Steen & Hamilton.

In an unusual move Cleary Gottleib has agreed to fit out the offices in a style which suits both firms. King & Spalding will be paying a rent of £49.50 ($78) per sf following a seven-month rent free period. The lease runs for a term of five years but is subject to a tenant’s rolling option to break from the end of the second year which becomes a mutual option from the end of the fourth year.

Clearly Gottlieb was advised by Atis Real Weatheralls. King & Spalding was advised by Cushman Wakefield Healey & Baker.

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