Deutsche Bank to lease office space outside City

empty office

Deutsche Bank agreed to lease 92,000 square feet (8,500 square meters) of office space in London’s Victoria neighbourhood to bolster its asset and wealth-management businesses.

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.

To access the complete Bloomberg News article hit the link below:

Deutsche Bank to Lease Space in London's Zig Zag Building

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