Julius Baer confirms City fringe office move in hybrid working downsize
Swiss private bank Julius Baer has confirmed reports that it is to leave its City of London office for a new London headquarters in Farringdon.
The bank has signed for a 27,000 sq ft office over six floors at a refurbished building on Greville Street and Bleeding Heart Yard, EC1, to which it will move at the start of 2023, as revealed by EG last year.
The move represents a downsize in office space by one-third from Julius Baer’s current premises at 1 St Martin’s Le Grand, EC1. It said this was down to a switch to hybrid working.
Swiss private bank Julius Baer has confirmed reports that it is to leave its City of London office for a new London headquarters in Farringdon.
The bank has signed for a 27,000 sq ft office over six floors at a refurbished building on Greville Street and Bleeding Heart Yard, EC1, to which it will move at the start of 2023, as revealed by EG last year.
The move represents a downsize in office space by one-third from Julius Baer’s current premises at 1 St Martin’s Le Grand, EC1. It said this was down to a switch to hybrid working.
David Durlacher, chief executive of Julius Baer International, said: “The Covid-19 pandemic has irreversibly altered the way in which we live and work, and as such I believe our office spaces will become even more critical to engagement, creativity and productivity.
“As a people-centric business, our new office will play an important part in the next stage of our firm’s rich history in London as we look to create a hybrid working environment that supports the creativity of our team while also addressing the needs of our clients.
“Establishing our own dedicated office in a progressive and innovative area between the tech industry in Shoreditch and financial services in the City will also allow us to grow our position in the market, as well as benefit from the range of infrastructural developments currently taking place in Farringdon.
“This move underscores both Julius Baer International’s commitment to the UK and the wealth of opportunity we continue to see here.”
Compton advised Julius Baer; Knight Frank advised Seaforth Land.
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