SMBC offers to prelet 200,000 sq ft at 100 Liverpool Street
A Japanese bank has made an offer to prelet around 200,000 sq ft of office space at British Land and GIC’s 100 Liverpool Street development, EC2.
Sumitomo Mitsui Banking Corporation is understood to be moving its head office from 99 Queen Victoria Street, EC4, to the 515,000 sq ft extended and refurbished scheme, which sits next to Liverpool Street’s new Crossrail station.
The deal, which is not yet signed, would be a significant vindication of the owners’ decision to speculatively develop the office and retail scheme – their first major development following the preletting of 5 Broadgate, EC2, the £1.1bn UBS-let scheme that is currently up for sale.
A Japanese bank has made an offer to prelet around 200,000 sq ft of office space at British Land and GIC’s 100 Liverpool Street development, EC2.
Sumitomo Mitsui Banking Corporation is understood to be moving its head office from 99 Queen Victoria Street, EC4, to the 515,000 sq ft extended and refurbished scheme, which sits next to Liverpool Street’s new Crossrail station.
The deal, which is not yet signed, would be a significant vindication of the owners’ decision to speculatively develop the office and retail scheme – their first major development following the preletting of 5 Broadgate, EC2, the £1.1bn UBS-let scheme that is currently up for sale.
SMBC moved to its UK headquarters in 2005. It has a lease break in 2021 and the lease expires in 2026. The company also occupies around 35,000 sq ft at Landsec’s One New Change, EC4.
The new development will increase the existing building’s net area by 155,000 sq ft, with three additional storeys and 90,000 sq ft of retail.
Designed by Hopkins Architects, the scheme involves the repositioning of 100 Liverpool Street and the retention of the building’s structural frame. It will open in 2019.
JLL and CBRE are the lettings agents on 100 Liverpool Street.
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