Leasing

Jane Street Pre-Lets 465,000 Sq Ft at J.P. Morgan's One Spitalfields Ahead of Major Redevelopment

JP Morgan Asset Management has pre-let approximately 465,000 sq ft at its One Spitalfields development in the City of London to quantitative trading firm Jane Street
Jane Street will roughly double its existing London footprint, moving from its current premises at Devonshire Square once redevelopment completes, expected in 2029; current occupier A&O Shearman is due to vacate by May 2027 ahead of works starting

Quantitative trading firm and liquidity provider Jane Street has executed a landmark off-plan pre-let for 465,000 sq ft at One Spitalfields, 1-10 Bishops Square in the City of London. J.P. Morgan Asset Management will oversee a comprehensive, high-sustainability redevelopment of the 870,000 sq ft office and retail complex once incumbent law firm A&O Shearman vacates the building in May 2027. Original building architect Foster + Partners has been appointed to design the scheme, which will retain and extend the existing structure and incorporate 70,000 sq ft of newly created terrace space. Handover and tenant occupation are scheduled for 2029. CBRE acted on behalf of Jane Street, with RX London, CBRE, and Knight Frank advising JP Morgan.

Mirae Asset Places 20 Old Bailey on Market for £254 Million

* Mirae Asset Global Investments has put 20 Old Bailey back on the market through Cushman & Wakefield at a guide price of £254,100,000, reflecting a 5.75% net initial yield * The Korean institutional investor bought the freehold from Blackstone in 2018 for £340m, following a comprehensive repositioning of

CIT Puts Prime City Asset 12 Arthur Street on the Market for £124.5m

* CIT Group is bringing 12 Arthur Street, a 103,827 sq ft multi-let office building in the City of London, to market with CBRE instructed as sole selling agent, at a quoting price understood to be £124.5 million. * The pricing reflects a net initial yield of approximately 5.

Marylebone Place Relaunched for Sale Following UBP Lease Restructure

* The freehold of Marylebone Place at 1 Wyndham Street has been returned to the market after a restructuring of the current lease. * Vendors are TPG Angelo Gordon and Beltane Asset Management; sole tenant is Union Bancaire Privée (UBP); joint marketing advisors are CBRE and Michael Elliott. * 74,833 sq ft

Bahrain's Blacksand Buys WeWork-Let City Office 51 Eastcheap for c.£70m

* Blacksand, the Bahrain-based investment firm, has acquired the freehold of 51 Eastcheap, EC3, a 89,459 sq ft City of London office building let entirely to WeWork, for approximately £70m * Seller was a joint venture between Polus Capital Management and Greycoat, which had themselves acquired the asset out of

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Mirae Asset Places 20 Old Bailey on Market for £254 Million

CIT Puts Prime City Asset 12 Arthur Street on the Market for £124.5m

Marylebone Place Relaunched for Sale Following UBP Lease Restructure

Bahrain's Blacksand Buys WeWork-Let City Office 51 Eastcheap for c.£70m