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Deutsche Bank signs 15-year lease for Canary Wharf offices
The lender will occupy the first through fifth floors at YY London, replacing its planned move after the lease at 10 Upper Bank Street expires in July 2028.
Deutsche Bank has signed a 15-year lease to take five floors at YY London in Canary Wharf, a refurbished 415,000 square foot office building developed by Quadrant and funds managed by Oaktree Capital Management, according to Bisnow.
The bank plans to move into the first through fifth floors, taking space that equates to about 250,000 square feet, where it will locate infrastructure functions including technology and operations.
The company’s new site also ties to a timing shift in its existing footprint, as the move comes ahead of the expiry of its lease at 10 Upper Bank Street in July 2028.
YY London was purchased in 2019 by a joint venture between Quadrant and Oaktree-managed funds and has been upgraded to an all-electric, net-zero-in-operation building, with the retrofit reusing much of the existing structure to save an estimated 10,260 tonnes of carbon dioxide emissions, Bisnow reported.