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RBC eyes 100 Bishopsgate

100-Bishopsgate-CGI-THUMB.jpegThe Royal Bank of Canada is edging closer to a pre-let at 100 Bishopsgate, EC2.

Canada’s largest bank is considering a 250,000 sq ft move ahead of its 2022 lease expiries.

It has been in negotiations with 100 Bishopsgate owner Brookfield for several months. It is not yet under offer, but the talks are gradually advancing.

However, it could still opt to stay put in its two London offices, having already taken the decision to remove a 2017 break option from its Thames Court, EC4, lease earlier this year.

If it pushes ahead with a deal at 100 Bishopsgate it would likely take five of the 44,000 sq ft podium floors in the 900,000 sq ft building, as well as additional space in the tower.

Brookfield is not publicly quoting a rent for the building, however it is likely to hope to achieve rents in the region of £65 per sq ft for the lower floors.

The north American giant, which has close relationships with RBC in Canada, took the decision to speculatively build 100 Bishospgate earlier this year.

It had already been in discussions with RBC prior to the announcement of a speculative start, giving it the confidence to commit to such a large project.

GM Real Estate and Knight Frank are letting agents on the building; JLL acts for RBC.

jack.sidders@estatesgazette.com

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