Barclays Capital will take a new office at 40 Bank Street in Canary Wharf, it was confirmed today
As revealed in Property Week (news, 09.03.07), Barclays Capital is to lease a total of 301,575 sq ft (28,017 sq m) at the building.
Barclays Capital will take three separate leases to expire in April 2023, with a phased occupation planned over the next 18 months.
The rents are £44/sq ft (£473.62/sq m) for levels two to nine, £45.25/sq ft (£487.07/sq m) for levels 10 to 14 and £47.50/sq ft (£511.29/sq m) for levels 15 to 17.
Barclays Capital will continue to occupy around 700,000 sq ft (65,032 sq m) at 5 North Colonnade and 10 South Colonnade.
Richard Archer, head of leasing and marketing at Canary Wharf Group, said: ‘Barclays Capital is the latest in a series of lettings to existing Canary Wharf tenants who have been expanding.
'The result of this transaction is that vacancy rates within the Canary Wharf Group portfolio are now at 0.4% - around 30,000 sq ft – and on the Canary Wharf Estate as a whole are running at 3%.’