Jones Lang LaSalle is to move its City headquarters to Jupiter Property Partners’ The Walbrook, EC4.
The agent is thought to be taking around 10,000 sq ft on the eighth floor of the prestigious City building, on which it is letting agent.
The 445,000 sq ft Walbrook has lain vacant since practical completion in 2010, but insurer Gallagher Heath went under offer to take around 60,000 sq ft on the ground and seventh floors in May this year.
JLL was appointed on the building at the start of the year following a shake up in which it replaced CBRE to join Knight Frank.
JLL will vacate its City HQ at 10 Gresham Street, EC2, early next year, after nearly seven years in the building.
Its 10,000 sq ft offices have been let to US law firm Milbank Tweed Hadley & McCloy, which already occupies space in the building.
JLL has been linked with moves to various buildings in the Square Mile in recent months, and is understood to have seriously considered Standard Life’s 95 Gresham Street, EC2, where it is joint letting agent with Gerald Eve.
The eighth floor of The Walbrook is likely to command rents in the high £50s per sq ft, according to agents familiar with the building.
Jupiter, the joint venture between Delancey and Area Property Partners, bought The Walbrook as part of its £202m purchase of debt-laden Minerva in August last year.
The building has come close to securing several major tenants, including Schroders, which agreed to take 250,000 sq ft before ending talks in December 2011.
Spanish bank Santander came close to establishing a 200,000 sq ft HQ in the building, but failed to get board approval.
JLL is still expected to consolidate its offices in the West End after last year’s merger with King Sturge.
It leases around 159,000 sq ft across 30 Warwick Street and 22 Hanover Square, both W1, but is expected eventually to operate from just one West End office.
jack.sidders@estatesgazette.com
