Investec fills entire City building in post-Brexit commitment

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Specialist banking giant Investec Asset Management has agreed to occupy the whole of 55 Gresham Street in a move that signals yet another firm commitment to the City of London post-Brexit.

More than 121,000 square feet of offices spanning 11 floors will be let out in the grade A building located in the heart of the Square Mile, as Investec moves from its current base at Woolgate Exchange.

Real estate firm JLL, which advised Angelo Gordon and Beltane on its pre-completion letting of the building, said that Investec’s commitment to the building which is still under construction is “representative of the general trend across the City of London”.

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According to JLL, over a third of all space currently under development has already been committed to, with last week’s news of Hiscox pledging to take three floors at 22 Bishopsgate becoming the latest major name to commit to a project under construction.

Duncan Roe, partner at Beltane, told City A.M.: “As far as the european cities go, London would have to be number one in terms of where people would like to live and work – it is a very engaging city, and a lot of people will see Brexit as a blip on a long term investment strategy”.