The Big Financial Companies in London Sell and Lease-Back Their Headquarters

The big financial company Goldman Sachs would negotiate the sale of its headquarters in London for 1.4 billion dollars (one billion pounds), according to Bloomberg, but this is not the only example of this kind in the London office market. Recently, similar transactions were announced by KPMG and Lloyds Banking Group, which have their headquarters for the European Union in the capital of England but want to protect themselves in the future.

The office project that Goldman Sachs wants to sell has a total area of ​​78,000 square meters and houses the company’s 9,600 current employees.

According to economists interviewed by the international publication, the estimated yield (investment return) for this building is 4%.

Goldman Sachs sells its office building, but the contract guarantees the lease of the space for an extended period.

The office project was carried out by a contractor directly at the request of the financial company, and it was estimated at 350 million pounds two years ago, when it was awarded to Brookfield Multiplex, according to the London construction press.

The architectural solution belongs to the architectural firm Kohn Pedersen Fox Associates. The building is BREEAM certified.

And KPMG put its London headquarters up for sale last year at a price of more than 400 million pounds, according to The Telegraph. KPMG bought the site for £ 260 million in 2006 from developer Canary Wharf Group. The office building has 14 floors and a total area of ​​about 40,000 square meters.

The third example is the Lloyds Banking Group, which has announced that it is willing to sell its headquarters for £ 160 million and then rent it out.

It remains to be seen whether these transactions will take place and what prices will be obtained after the negotiation.

If you would like more information about the office buildings for sale in Bucharest, please contact the ESOP team by filling this brief form, or by phone (+4) 0723.26.61.97 or (+4) 021.528.04.40. We’ll promptly answer your inquiry!

Maria Neda

PR & Media Coordinator, PR & Media Consultant, with background as a journalist in the economic press and experience as a consultant in Urban Development.

Postari similare

In Amsterdam, the City Hall Abolishes Car Parks, Replacing Them With Bicycle Parking and New Green Areas

Amsterdam City Hall wants to reduce 11,200 car parking spaces by 2025 by reducing the number of accredited parking permits. In this city, only 22% of residents use their car to go to the office every day, most of them using bicycles. As a result, there is always a need for new bicycle parking spaces […]

Read more

The Le Monde Offices in Paris Will Be an Example of Excellence in Architecture

This year, the office project of Le Monde headquarters in the Paris Rive Gauche district of Paris will be put into use. According to international publications with an architectural profile, a design is considered bold, which has found the most efficient solution for the given location and integration into the urban landscape. In the form […]

Read more

An Office Skyscraper in China Looks Like a Sculpture of Brancusi

KPF, a prestigious architecture firm from New York, created an office project inspired by the Infinity Column, by the famous Romanian sculptor Constantin Brâncuși. Soho Gubei, as the building is called, has 38 floors of Class A office space and 12 floors of retail space in the base area. In total, the building has an area […]

Read more