Squarepoint locks in 400,000 sq ft prelet

Global investment manager Squarepoint has agreed terms with JP Morgan Asset Management to lease the entirety of 65 Gresham Street, EC2, in the City’s largest prelet in years. The Square & Partners-designed scheme is currently under refurbishment, which will deliver a 400,000 sq ft all-electric office with 66% carbon whole life carbon reduction as part of a comprehensive retrofit and extension. The development, which received planning approval in January 2024, is set to be completed in 2028, at which point Squarepoint will move from its current base at Brookfield Properties’ CityPoint tower. In doing so, Squarepoint will benefit from new F&B amenities fronting the soon-to-be pedestrianised Aldermanbury, 26,000 sq ft of roof terraces, four new floors and 360-degree views of the City of London. The news soon comes after international law firm Simmons & Simmons announced its would also be leaving CityPoint to move to Malaysian property group IJM’s newly acquired 25 Finsbury Circus in a 180,000 sq ft prelet. CBRE and Fladgate advised Squarepoint, while RX London and Clifford Chance advised JP Morgan. Image supplied by CBRE