Lehman Brothers is moving its European head office from British Land’s Broadgate complex in the City of London to Heron Quays, next to Canary Wharf.
It has chosen the 34.39ha (85 acre) estate in east London’s Docklands in preference to one in Hackney that its own real estate investment team recently bought. Lehman will begin marketing its Hackney site to other large tenants.
The US investment bank is thought to have an option to extend the Heron Quays building by another 18,580 sq m (200,000 sq ft) before the planned August 2003 completion date. Rent is estimated at £457.48 a sq m (£42.50 a sq ft).
Financial Times 16/02/01 page 23
The Times 16/02/01 page 28
The Independent 16/02/01 page 21
