Deutsche Bank commits to London despite Brexit fears

Deutsche Bank commits to London despite Brexit fears

German banking giant Deutsche Bank has today announced that it plans to move to a new London headquarters in 2023.

BQ can reveal that the bank has entered into exclusive negotiations with developer Land Securities over a 25-year lease on a new building which is set to be constructed at 21 Moorfields in the City of London.

Staff are due to begin transferring to the building from the second half of 2023, subject to an agreement to lease being reached and planning consents being obtained.

Garth Ritchie, Deutsche Bank's UK chief executive, said: "The move underlines the bank’s commitment to the City of London and the importance it attaches to being an employer of choice in the capital.

"It will advance the bank’s strategic goals of increasing efficiency, reducing complexity and strengthening links between the business divisions and infrastructure functions.

"The new building will offer higher quality space and strong transport links. It will be within walking distance of Winchester House and located above the new Crossrail station planned for Moorgate, with links to major rail and Underground lines." 

More to follow…