Japan’s second-largest bank agrees on a 20-year London lease

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Japan’s second-largestbank agrees on a 20-year London lease

Japan’s second-largest bank by market value, Sumitomo Mitsui Financial Group Europe, has agreed on a 20-year lease at London’s Broadgate complex.

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Spread across 161,000 sq ft at 100 Liverpool Street, the new European headquarters will occupy the first three floors of the building.

“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 at British Land, the leading developer.

SMBCE will be neighbours with UBS, Lloyds Banking Group, Allianz and Deutsche Bank, that has also recently secured new offices in the Broadgate complex.

Expected to be completed in 2020, 100 Liverpool Street is currently under development to become a flexible and advanced office space.

According to Hopkins Architects “At the building’s heart will be a dramatic elliptical atrium surrounded by flexible office accommodation on bright, efficient floor plates. Three new floors have been created at the top of the building, set back to allow for planted terraces and outdoor amenity space. The ninth floor has the option to include a new restaurant with a large accompanying terrace featuring dramatic views out over the City.”