Deutsche Bank is early stage discussions to relocate staff from the City to Canary Wharf Group’s new North Quay scheme at London’s Docklands.
The German Bank is looking to take 500,000 sq ft at the 2.4m sq ft scheme, which is due to complete in 2024.
The delivery of the block would coincide with the 2023 lease expiries for Deutsche at 1 Great Winchester Street, EC2, where it is the sole occupier of the 312,000 sq ft building, and 1 Appold Street, EC2, where it occupies 233,110 sq ft.
Deutsche Bank also occupies 81,000 sq ft at 99 Bishopsgate, EC2.
It already has a 388,000 sq ft Docklands base after agreeing to sublet space at 10 Upper Bank Street, E14, from Clifford Chance in 2015.
Staff were moved from several of Deutsche’s then 16 London offices in December, with a significant proportion coming from 6-8 Bishopsgate, EC2, where the bank occupied 147,000 sq ft on a lease expiring in 2017.
GM Real Estate, CBRE and JLL are leasing agents on North Quay.
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