Leasing

Stripe Nears 128,000 Sq Ft Headquarters Pre-Let at Blackstone’s Broadgate Quarter

Broadgate Quarter, 9 Appold Street EC2

Stripe is close to signing a lease for about 128,000 sq ft at Blackstone’s Broadgate Quarter, on the edge of the City of London. The space is understood to cover the first and second floors and part of the third floor.
The space would be more than three times Stripe’s current London footprint. Stripe is understood to be relocating from 201 Bishopsgate.

Global financial infrastructure and digital payments giant Stripe is in advanced negotiations to secure approximately 128,000 sq ft of office space at Broadgate Quarter, located at 9 Appold Street. If completed, the fintech firm will occupy the entire 1st and 2nd floors alongside partial space on the 3rd floor within the Blackstone-owned complex. The relocation marks a significant operational expansion, with Stripe moving from its existing premises in 201 Bishopsgate to more than triple its London physical footprint. Joint leasing agents Newmark and Knight Frank are representing Blackstone in marketing the remaining vacant floors across the 456,000 sq ft office scheme.

The scale of Stripe’s requirement underscores a broader flight to quality among mega-cap technology and fintech occupiers, who continue to seek modernised, highly connected floorplates on the periphery of the City and Old Street technology corridor. By selecting Broadgate Quarter, Stripe benefits from floor plates reaching up to ~50,000 sq ft per level, allowing for high operational density and horizontal integration.

Crosstree Partners with Simten to Fund £500m+ One Museum Street Project as BC Partners Exits

* Crosstree Real Estate Partners has funded the One Museum Street scheme in London WC1 and will partner with developer Simten to complete it. * BC Partners Real Estate is understood to have exited. BC Partners appointed JLL in 2024 to find a joint-venture partner for the project. * The project is

ING and DBS Provide £1.016bn Development Loan for One Spitalfields Redevelopment

* J.P. Morgan Asset Management has secured a £1.016bn development loan from ING Bank and DBS Bank to refurbish One Spitalfields at 1-10 Bishops Square, City of London. The two banks have underwritten the facility equally. DBS is global coordinator, and both banks are mandated lead arrangers, bookrunners

Landsec Exchanges on £211m Sale of 123 Victoria Street to SevenCapital Subsidiary

* 123 Victoria Street, London SW1 — a mixed-use office and retail building comprising 244,963 sq ft, featuring a prominent 170-metre retail frontage. * Exchanged for £211 million (~£861 psf) at a net initial yield of approximately 7.8%, following an initial asking price of £265 million. Land Securities Group

City of London Corporation Clears Major Hurdle as Government Backs City Plan 2040

* Housing Minister Matthew Pennycook has officially withdrawn the government's ministerial direction, accepting the Planning Inspectorate's recommendation to back the City of London Corporation’s spatial strategy. * Provision for at least 1.2 million sq m (approx. 12.9 million sq ft) of additional office pipeline concentrated

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Crosstree Partners with Simten to Fund £500m+ One Museum Street Project as BC Partners Exits

ING and DBS Provide £1.016bn Development Loan for One Spitalfields Redevelopment

Landsec Exchanges on £211m Sale of 123 Victoria Street to SevenCapital Subsidiary

City of London Corporation Clears Major Hurdle as Government Backs City Plan 2040