Quilter has placed 84,000 sq ft across the four upper floors at Senator House, EC4, near Cannon Street station under offer.
The move by the financial services firm comes as the owners of its current London base at Millennium Bridge House, EC4, have exchanged contracts for its circa £95m sale with Angelo Gordon and Beltane Asset Management, which are eyeing a potential revamp of the riverside property after obtaining vacant possession in September 2020.
Senator House, at 85 Queen Victoria Street, has recently undergone its own extensive refurbishment designed by Ben Adams Architects following the 2015 purchase of the long leasehold by the joint venture between Legal & General Capital and PGGM, known as Vantage, in 2015 from Angelo Gordon.
The property now provides 150,000 sq ft of space and features a new 5,700 sq ft terrace on the seventh floor, which will also form part of Quilter’s new digs if the deal goes ahead.
Formerly known as Old Mutual Wealth, Quilter has also been undergoing structural changes following the decision by Old Mutual to demerge its business in 2016.
This has included the management buyout of Old Mutual Global Investors from Quilter in June, which was led by its boss, Richard Buxton, with the backing of US private equity company TA Associates. This then saw OMGI place the top two floors at 25 Copthall Avenue, EC2, under offer in September.
Both Legal & General and Quilter declined to comment.
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