Global investment management firm Squarepoint has agreed a deal to pre-let the 400,000 sq ft 65 Gresham Street office scheme for its new London office.
Designed by Squire & Partners, the building, which is being developed by institutional investors advised by JP Morgan Asset Management, is currently undergoing a comprehensive redevelopment, with completion due in 2028.
The redeveloped building will feature four new floors, 26,000 sq ft of roof terraces and best-in-class end-of-trip facilities.
Susan Walsh, head of property and corporate services at Squarepoint, said: “This deal marks an exciting new chapter for Squarepoint in London as we continue to grow and invest in our future. The new office space at 65 Gresham Street has been thoughtfully designed and we are grateful to all of the parties involved who are helping make this move possible.”
Paul Harris, asset manager at JP Morgan Asset Management, added: “The letting is a fantastic conclusion to our repositioning of the asset and testament to the creativity and quality of the entire team. It has been a pleasure to partner with Squarepoint and we look forward to delivering a world-class office for their long-term occupation.”
James Nicholson, head of occupier transactions, London at CBRE, which represented CBRE, said: “We’re delighted to have advised Squarepoint on this landmark transaction, the largest London pre-let since 2023. 65 Gresham Street will provide an outstanding new London office for Squarepoint.”
Dan Burn, partner at RX London, which represented JP Morgan Asset Management, added: “This transaction is tribute to an outstanding project team who have embraced an innovative approach to the design, development and marketing of the scheme in an unprecedented and creative way, delivering an exemplary building. It has been a pleasure to work on and we are delighted to have advised JP Morgan Asset Management on the pre-letting to Squarepoint for their new City of London office.”
Squarepoint was advised by CBRE and Fladgate and JP Morgan Asset Management was represented by RX London and Clifford Chance.
