Glencore Is Said in Talks for London Mayfair Headquarters
A graphic impression of Hanover Square Estate.
Source: Great Portland Estates
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Glencore Plc is in talks to lease a new London office for its oil-trading operations in the city’s Mayfair district, people with knowledge of the matter said.
The Swiss commodities trader is negotiating taking space at the Hanover Square Estate, an office complex being built by Great Portland Estates Plc that’s due to be completed in 2020, the people said, asking not to be identified because the talks are private. Glencore, which listed in London in 2011, is seeking to rent about 50,000 square feet (4,645 square meters) in the development, the people said. The deal has yet to be finalized and there’s no guarantee that it will be completed, they said.