Deutsche Bank to Lease Space in London's Zig Zag Building
- Land Securities says Victoria office building 77% pre-leased
- German bank moving units from City of London district
A construction crane operates above the Zig Zag office and retail building development by Land Securities Group Plc, in London. Photographer: Matthew Lloyd/Bloomberg
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Deutsche Bank AG agreed to lease 92,000 square feet (8,500 square meters) of office space in London’s Victoria neighborhood to bolster its asset and wealth-management businesses.
Germany’s biggest lender plans to move its asset-management and private-wealth units into the Zig Zag Building on a 15-year lease, London-based developer Land Securities Plc said in a statement on Tuesday. The deal means that 77 percent of the building as been rented ahead of its completion.