Niche London real estate agency McCalmont-Woods has advised Ipes (UK) Ltd on its expansion-led UK office headquarters relocation from Victoria to the City.

Ipes is a leading provider of outsourced services to the European Private Equity market and provides administration and depository oversight over $102bn of assets for 262 funds from 4 European offices in Guernsey, Jersey, London and Luxembourg where it currently employs a team of 181 people.

Ipes has taken 8,100 sq ft on the 9th floor of 1 Minster Court, EC3. A new 10-year lease was agreed on the newly refurbished landmark building with the landlord, Prudential Assurance, advised by CBRE and Spring4.

Nick McCalmont-Woods, CEO of McCalmont-Woods said: “Ipes occupied 3,800 sq ft in 10 Lower Grovenor Place, SW1 but its continued success meant that relocation was necessary to accommodate the growth in headcount. McCalmont-Woods was instructed to initiate a review of suitable property options across the West End, Mid Town and City office markets. A short list was whittled down with the competitive pricing and greater availability of larger floor-plates in the City coming to the fore.”

Ben Cook, Ipes (UK) Ltd Managing Director said: “Ipes has enjoyed huge growth and with our move we have created a more modern, efficient environment for staff. From shortlisting, bid submission to heads of terms McCalmont-Woods delivered excellence as always.”