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RBC Agrees to Lease Part of Brookfield's New London Skyscraper

  • RBC will occupy almost 25% of tower at 100 Bishopsgate
  • Brookfield's skyscraper is due to be completed in 2018
A rendering showing Brookfield Office Properties Inc.'s planned development at 100 Bishopsgate in London.

A rendering showing Brookfield Office Properties Inc.'s planned development at 100 Bishopsgate in London.

Source: Brookfield Office Properties Inc.

Royal Bank of Canada agreed to lease more than a quarter of Brookfield Property Partners LP’s 100 Bishopsgate tower in the City of London financial district before construction is completed.

Canada’s largest bank by market value will move London-based workers at its capital markets, investor and treasury services, wealth management and global asset management units to the new building, where work is due to be completed in 2018, RBC and Brookfield said by e-mail on Monday.