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Deutsche Bank Commits to London With New UK Headquarters Plan

  • Lender is in talks with Land Securities over 25-year lease
  • Deutsche Bank would start to move staff across in 2023
Photographer: Matthew Lloyd/Bloomberg
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Deutsche Bank AG is in exclusive talks to move its U.K. headquarters to a building being constructed in the City of London financial district, the latest European lender to commit to the capital in the aftermath of Brexit.

Germany’s biggest bank is negotiating with Land Securities Group Plc on a 25-year lease for the property at 21 Moorfields, with employees due to start moving to the new offices in 2023, according to a memo sent to the lender’s staff and seen by Bloomberg News. The developer Friday confirmed that it’s in talks with Deutsche Bank over an advance rental that would require design changes to the building.