Bloomberg News reports that the lender plans to move its asset-management and private-wealth units into the Zig Zag Building on a 15-year lease, developer Land Securities said in a statement on Tuesday. The deal means that 77% of the building as been rented ahead of its completion.
Soaring rents in the City of London have prompted companies to look for space outside the capital’s main financial center, in areas such as Victoria and King’s Cross. Land Securities has a development pipeline of more 2.2m square feet in the neighborhood near the Victoria railway station.
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