Plumtree Court
30/08/2018 by Buildington
New occupier

The Goldman Sachs Group Inc. announces it has entered into a binding agreement for the sale and leaseback of Plumtree Court with Korea’s National Pension Service and Plumtree Court will be the new European headquarters of Goldman Sachs in London from mid-2019. As part of the agreement, Goldman Sachs will enter into a 25-year lease on the building with a break option after 20 years, and the ability for Goldman Sachs to extend the lease beyond the initial term. This transaction, which values Plumtree Court at £1,165 million, allows for the consolidation of the firm’s activities, currently located across three buildings, into one fully-serviced and sustainable location. The sale and leaseback of Plumtree Court is part of Goldman Sachs’ long-term global real estate strategy, enabling the firm to capitalise on the significant value it has created in developing a world-class building while securing a long-term occupation in a prime location. It follows the sale and leaseback of Goldman Sachs’ former headquarters on Fleet Street, Peterborough Court, in 2005.

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