Deals
Goldman to Sell, Lease Back London Office for $1.5 Billion
- Wall Street bank to lease building back for at least 20 years
- It’s the biggest deal announced for a London office this year
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Goldman Sachs Group Inc. has agreed to a deal with Korea’s National Pension Service to sell and lease back its new London headquarters, in a transaction valuing the property at 1.16 billion pounds ($1.5 billion).
The Wall Street bank will lease back the building for at least two decades, according to an emailed statement, committing the bank to London for the long-term even as Britain’s departure from the European Union looms. The building will be ready to move into by the middle of next year.