UK REIT British Land has signed an agreement with tje Japanese lender Sumitomo Mitsui Banking Corporation Europe (SMBCE) to lease 161,000 sq ft (15,000 m2) at the 100 Liverpool Street redevelopment at London's Broadgate.
SMBCE, a subsidiary of Sumitomo Mitsui Banking Corporation, will take the first three floors of the building on a 20 year lease.
British Land committed to the 520,000 sq ft speculative redevelopment of 100 Liverpool Street at the end of 2016.
The office-led project also includes 90,000 sq ft dedicated to retail, restaurants, cafés and bars which, together with other current developments, will double the retail offer at Broadgate by 2020.
SMBCE’s letting represents 37% of 100 Liverpool Street’s office space. The remaining five upper floors range from 20,000 to 60,000 sq ft, each with terraces of up to 10,000 sq ft with views across London.
'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,' said Tim Roberts, head of Offices, British Land.
The letting is the most recent in a series of commitments from a range of occupiers at Broadgate, including cyber security and data management company Mimecast, which is taking 79,000 sq ft.
