Jones Lang LaSalle has won a City agency battle to secure one of the capital’s most prized letting mandates.
Agents have been eagerly awaiting Donaldson Lufkin & Jenrette’s 10,219m2 (110,000 sq ft) at 99 Bishopsgate, EC2, coming to market following Credit Suisse First Boston’s acquisition of the American firm, and the news that DLJ is to go to Canary Wharf.
JLL’s Neal Scambler said: “We are delighted to be on Credit Suisse First Boston’s team and involved in such a high-profile instruction.”
This is seen as one of the largest spaces to come to market. Deutsche Bank, which occupies around 7,432m2 (80,000 sq ft) in the same building, is likely to be attracted by the possibility of acquiring the additional space.
One of the highest rents in the City may be achieved if a £700 per m2 (£65 per sq ft) offer on the 1,161m2 (12,500 sq ft) sixth floor of 60 Queen Victoria Street is accepted. Williams National Holdings, which previously looked in the West End, has made the offer on the floor, which is being sublet by T Rowe Price.
In a larger potential benchmark deal, Bank of Nova Scotia is favourite to take 5,574m2 (60,000 sq ft) at £619 per m2 (£57.50 per sq ft) as an anchor tenant at 21 Lombard Street.
The move will have investment agents keen to pitch for Scotia House on Finsbury Square, EC2, which the Canadian Bank owns.
Some relief from the space shortage may be gained with the news that BT Concert’s offer on Bee Bee’s One St John’s Lane, EC1, seems to be unravelling at board level.
Agents have reported that they have been advised to take a look at the space again.
