British Land has let 161,000 sq ft at the 100 Liverpool Street redevelopment to Sumitomo Mitsui Banking Corporation Europe Limited (“SMBCE”). SMBCE is a subsidiary of Sumitomo Mitsui Banking Corporation, which is one of Japan’s leading banks. It will take the first three floors of the building on a 20-year lease.
SMBCE’s letting represents 37% of 100 Liverpool Street’s office space. The remaining 5 upper floors range from 20,000 to 60,000 sq ft, each with terraces of up to 10,000 sq ft with views over London.
Tim Roberts, Head of Offices, British Land commented: “SMBCE’s decision to invest in Broadgate for the long term is not only a strong endorsement of London as a global city which remains attractive to international organisations as a place to do business, but of the wider campus and 100 Liverpool Street.
“This building will be a new benchmark for London offices. With its innovative design, high-quality office space and significant retail and food & beverage offer, as well as being the smartest, best-connected building in London, 100 Liverpool Street will be instrumental in Broadgate’s evolution into a world-class, seven day a week destination. The building is an excellent example of how we add value through investing in our existing buildings and the spaces between them.”
This letting to SMBCE is the most recent in a series of commitments from across a range of occupiers at Broadgate, including cybersecurity and data management company Mimecast, which is taking 79,000 sq ft at 1 FA (currently undergoing a major refurbishment). At 2FA, a hub of smaller, innovative businesses, attracted to the Broadgate offer and its proximity to the tech, creative and financial neighbourhoods of Old Street, Shoreditch and the City, is developing. British Land’s Storey flexible workspace brand is proving popular at 2FA, and Starling Bank and Innovate Finance have also recently taken space in the building.