Institutional brokerage and investment group CITIC CLSA has signed a deal to take two floors at 8 Bishopsgate, EC2, for its new London base.
The Hong Kong-headquartered company has signed a 15-year lease for around 16,000 sq ft in the Mitsubishi Estate and Stanhope-owned City tower.
The building has recently achieved rents of more than £90 per sq ft, including global reinsurance provider SCOR, which took 50,000 sq ft for a rent in the region of £91.24 per sq ft in January this year, according to EG Radius data.
This followed London-listed telecoms infrastructure company Helios Towers’ deal to take almost 12,000 sq ft on the 21st floor for £86 per sq ft, and came after a flurry of leasing deals in the building in late 2023, including lettings to CFC Underwriting and law firm King & Spalding.
CITIC CLSA will be moving from Moor House, 120 London Wall, EC2, where it occupies 18,727 sq ft on floor 12 of the building.
This deal brings the 50-storey building to 85% let.
Richard Ziegler, chief executive of CITIC CLSA’s European business, said: “We spent some time evaluating premises within the City and found 8 Bishopsgate to be by far the best building for CITIC CLSA. This striking building has a high profile, great amenities, and an unbeatable outlook. I have no doubt 8 Bishopsgate will be an exciting new home for our London operations.”
Stanhope chief executive David Camp said the deal “reinforces the reputation of 8 Bishopsgate as the preferred address for global financial institutions seeking a contemporary and forward-thinking workspace”.
See lettings information for the City of London>>
Photos: Lead image from Mitsubishi Estate London
Second image courtesy of London Communications Agency
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