Law firm Sidley Austin has pulled its requirement after deciding not to exercise a break option and stay put in 80,000 sq ft at Woolgate Exchange, EC2.
The company had been out on the road ahead of a November 2013 break but has since agreed terms with Woolgate freeholder D2 Private.
A deal to sell the 340,000 sq ft building to Malaysian sovereign wealth fund PNB for £270m collapsed earlier this year.
Also in Woolgate Exchange, Investec is understood to be in negotiations with the landlord regarding a new lease.
The specialist bank and asset manager – which currently occupies around 30,000 sq ft in the building at 25 Basinghall Street – is understood to be considering a small amount of extra space, though not necessarily in the same building.
Jones Lang LaSalle and Knight Frank acted for D2 with the former also acting for Sidley Austin and the latter for Investec.
jack.sidders@estatesgazette.com
