Deutsche Bank new HQ plan backs post-Brexit London

Aaron Morby 8 years ago
Share

Developer Land Securities is in exclusive talks with Deutsche Bank regarding a pre-let for a new London HQ at its planned Moorfields development in the City.

The presently consented scheme is arranged as two office buildings configured around a new public square at Moorgate
The presently consented scheme is arranged as two office buildings configured around a new public square at Moorgate

The developer confirmed the talks about the HQ this morning in what is being seen as a major post-Brexit vote of confidence in the city.

The scheme would be located directly above Liverpool Street Crossrail’s Moorgate ticket office and Moorgate Underground Station.

A 500,000 sq ft project is already consented although LandSec said this would be modified for the new HQ building.

LandSec said it would shortly complete demolition of existing buildings at the 21 Moorfields site which will be followed by piling and construction of an above station raft, in accordance with the existing consented scheme.

Construction of the raft is due to be completed by June 2018.

If a deal for the pre-let for the development is confirmed it would require alterations to the design of the building above ground.

LandSec said in a statement this morning “These negotiations will take several months and there is no guarantee they will lead to a transaction.”

In a leaked memo to staff  the bank’s UK chief executive Garth Ritchie said in an internal memo: “The move underlines the bank’s commitment to the City of London and the importance it attaches to being an employer of choice in the capital.

“It will advance the bank’s strategic goals of increasing efficiency, reducing complexity and strengthening links between the business divisions and infrastructure functions.”

Latest news

Winners revealed for £5.4bn electricity grid upgrade

SP Energy Networks unveils 19 winners - full list
22 hours ago

Malaysian property giant to buy 50% stake in JRL

IJM Land to buy into diversified £800m turnover south east contractor
1 day ago

Fast-track skills hubs to train 5,000 extra apprentices

Plan for network of 32 skills hubs to rain construction apprentices in half the time
21 hours ago

Luxury house builder files administration notice

£31m turnover Octagon Developments Ltd lodges court notice
1 day ago

Morgan Sindall takes on £22m stalled ISG Cardiff school job

Workplan is being drawn up ahead of restart on Penarth school
1 day ago

Walker Modular wins bathroom pod deal on student tower

Sealant-free construction method helps supplier dominate student market
1 day ago

Over £600m awarded for decarbonisation projects – full lists

Over 240 public building energy upgrade projects secure cash
2 days ago

Enabling works to start on £130m Huyton town centre regen

Phase one includes a new council HQ, hotel and 72 flats
2 days ago

Ridge buys rival consultant Jubb

Acquisition will see 100 new staff join Ridge
2 days ago

Grainger build to rent pipeline rises to £1.4bn

Rental specialist buys sites in Sheffield and Cardiff to build 600 rental homes
2 days ago

Kier wins Cambridgeshire County council estate upkeep

Firm will provide building and M&E services to 106 buildings across the county
2 days ago

Louvres and solar shading specialist files for administration

Hampshire based ALPS lodges court notice after 25 years in business
2 days ago

Speedy Hire posts a loss in latest results

Hire giant confident of better performance in next six months
2 days ago

Esh to lead next phase of Riverside Sunderland regeneration

Infrastructure work will allow further development of Sheepfolds area
2 days ago

Green light for £1.3bn Edinburgh coastal town revamp

First phase of Granton Waterfront scheme will see Cruden Homes create a new community
3 days ago

Vistry chief operating officer steps down

Earl Sibley exits as his COO role axed for more direct reporting to CEO
3 days ago

House builder Camstead goes into administration

Work stopped on three current sites
4 days ago

Death of piling legend Roger Bullivant

Industry innovator dies after long illness aged 85
3 days ago

ESS Modular went down owing suppliers £7m

Modular specialist owned by ISG owner Cathexis
3 days ago

Builders back farmers in inheritance tax protest

"A rethink is desperately needed" say National Federation of Builders
3 days ago

Willmott Dixon wins £36m leisure centre upgrade

Work to start on historic Westminster 1930s Grade II listed Seymour Centre
3 days ago

Graham wins £100m Cardiff Crossrail phase 1

Work on route to Cardiff Bay to start before end of next year
4 days ago

Laing O’Rourke appoints new European MD

Peter Lyons to take-up new role in February
5 days ago

Profits dip at Stepnell ahead of demerger

Turnover and secured workloads up ahead of restructure
5 days ago

HS2 green bridge deck takes shape

100m-wide wildlife bridge to carry hedgerows and country lane over HS2
4 days ago

1,000-home Wolverhampton city centre scheme in for planning

ECF and council advance City Centre West build to rent scheme
5 days ago

Sisk clinches £54m North London council HQ revamp

Haringey's iconic Grade II listed civic centre to be brought back into use
5 days ago

Ofgem approves £2.5bn Eastern Green Link 1

Work to start next Spring on cable project from Scotland to the north of England
5 days ago

Anglian Water hunts for £1bn delivery partner

Programme delivery partner wil integrate with client team over 15-year plan
5 days ago

Hadden collapse costs supply chain £6.7m

"Highly unlikely" subcontractors will receive anything for their unpaid invoices
5 days ago

Contractor services