Square Mile - CRE Desk

Leasing

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

* 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

Debt

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

Policy

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* Housing Minister Matthew Pennycook has officially withdrawn the government's ministerial direction, accepting the Planning Inspectorate's recommendation to back the City of London Corporation’s spatial strategy.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