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Deutsche expresses its “devotion” to London City

01 August 17 - RE+D Magazine
Deutsche expresses its “devotion” to London City

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Antulio Richetta

Director IBI Group
Deutsche Bank has reaffirmed its commitment to the City, despite saying just weeks ago that it would “inevitably” move jobs to Frankfurt, after Land Securities Group (Landsec) confirmed that the lease agreement for Deutsche's new London headquarters would go ahead.

 

According to cityam.com, the German bank will retain flexibility over how much space it will occupy, but has committed to take at least 469,000 square feet on a 25-year lease.

The plot is located at 21 Moorfields, directly above Moorgate Underground station which is being regenerated as part of the Crossrail construction.

The building will also be above the western entrance to the Liverpool Street Crossrail station. Landsec acquired a long leasehold interest in the 21 Moorfields site in 2012, and obtained planning permission for two buildings totaling 522,000 sq ft on the site in 2016.

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