Blackstone has completed a deal to sign Metro Bank at 20 Old Bailey, EC4, bringing the office building to full occupation.
Metro Bank has agreed to take the remaining 67,000 sq ft at the 240,000 sq ft building on a 10-year lease, joining international law firm Withers and Barings. The three major leasing deals to fully occupy the newly refurbished space were all completed in the last nine months.
Metro Bank will occupy the part-ground, first and second floors of the building, where it will establish the expanding digital arm of its business, as well its operational teams.
Calum Ewing, head of property at Metro Bank, said: “Metro Bank’s pace of expansion is seeing no let-up and we are delighted to be acquiring more space just down the round from our Holborn flagship store and head office, to support the banking revolution.”
Blackstone is completing a major renovation of the building, which includes a new façade, extensive structural alterations and internal remodelling, and the addition of two further floors at roof level. The building’s redesign has been led by architect Buckley Grey Yeoman, which has helped transform it into a “flexible, modern workspace” designed to meet the changing dynamic of the City.
Ed Hodgson, director at Blackstone Property Management, said: “20 Old Bailey represents another shining example in our central London portfolio of a landmark building which has undergone significant refurbishment to reinvigorate the office space and secure major leases. The demand for premium office space in choice locations in central London remains strong, as this trio of lettings testify.”
BNP Paribas and CBRE are the joint leasing agents for Blackstone; Colliers International acted for Metro Bank.
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