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March 29, 2010
JP Morgan Planning To Move Back To The West End
Two years after the company surrendered its lease at Grosvenor’s Almack House, JP Morgan is making a return to the West End.
It is understood that the group is searching for as much as 35,000 sq ft for one of its private banking operations, through agent Knight Frank.
So far, the company have looked at the Crown Estate’s One Hanover Street – formerly occupied by Icelandic bank Kaupthing Singer & Friedlander – and at the Abu Dhabi Investment Authority’s 124,000 sq ft One Knightsbridge, SW1.
Demand for vacant space continues to rise as other companies are looking to relocate. Media-buying firm Mindshare is narrowing options for its 80,000 sq ft requirement. The company’s shortlist includes Legal & General’s and Mitsubishi Estate’s 400,000 sq ft of offices at Central Saint Giles, WC1, British Land’s 490,000 sq ft Regent’s Place, and Development Securities’ Paddington Central, W2. It has a September lease break at Land Securities’ 40 Strand, WC2.
Tags:Abu Dhabi Investment Authority, Almack House, British Land, Central Saint Giles, Crown Estate, Development Securities, Icelandic Bank, JP Morgan, Kaupthing Singer & Friedlander, King Street, knight frank, Land Securities, Legal & General, Mindshare, Mitsubishi Estate, One Hanover Street, One Knightsbridge, Regent's Place