BNP Paribas Real Estate has agreed terms for its headquarters move to 5 Aldermanbury Square.
The firm are reported to have signed for 35,000 sq ft of space for a move in autumn. The move is part of a company-wide initiative to base their Investment Solutions business in one building.
Their headquarters are currently based at 90 Chancery Lane, London and staff from both these offices and their Old Broad Street offices will be relocated to the new headquarters. They also have an office at 30 Charles II Street, which will be kept for its West End agency and management teams.
5 Aldermanbury Square is a Grade A prime office space location, BNP Paribas will be taking two floors of the building, which offers a great location and wonderful views of the city.
“Our new office space has excellent client entertainment facilities with views across the City, and the large floorplates are essential for our teams to work together,” said Mark England, CEO of BNP Paribas.
Office spaces such as 5 Aldermanbury Square are very sought after in the City as more companies are keen on large floor plates, which enable teams to work together in an open plan office. The market in London is very competitive, especially in City and Canary Wharf which specialise in large floor plates. More and more firms are looking to upgrade their current office space after the recession, which has lead to increased demand in the market.