Fintech firms Global Relay and Open Text have agreed deals to lease a combined 53,000 sq ft at Morgan Capital’s 45 Cannon Street, EC4.
The deals are the first lettings at the 90,000 sq ft office development (pictured), which is due to complete this month.
Canadian fintech company Global Relay is moving its global headquarters from Canada to London and will pay £75 per sq ft on a 15-year lease for 24,000 sq ft on the fifth to seventh floors.
OpenText, another Canadian fintech firm, which specialises in information management, will pay more than £65 per sq ft on a 10-year lease for 29,000 sq ft across the first and second floors.
The deals mean two-thirds of the building is let, leaving only 29,000 sq ft of offices available.
Morgan Capital acquired the site in 2010 as part of the larger Watling Court Estate, along with 10 Bow Lane and 19-26 Watling Street.
The previous 60,000 sq ft building was constructed in the mid 1970s and let to HSBC for five ears. Morgan Capital agreed a surrender of HSBC’s lease and then obtained a planning consent for a new 90,000 sq ft office building offering virtually column-free floors of up to 14,500 sq ft. The upper floors offer uninterrupted views of St Paul’s and landscaped roof terraces.
Terms have been agreed to let the ground floor to a restaurant, coffee shop and salad bar operators.
CBRE is letting agent.
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