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J.P. Morgan pre-lets 465K SF at One Spitalfields to Jane Street
The planned redevelopment includes a £250 million development contract, with completion expected in 2029 after the current tenant exits in May 2027.
Bisnow reports that institutional investors advised by J.P. Morgan Asset Management have agreed terms to pre-let 465,000 square feet at One Spitalfields in London to Jane Street as part of its expansion.
The outlet says One Spitalfields is currently occupied by A&O Shearman, which plans to vacate the building in May 2027, after which J.P. Morgan will redevelop it, with completion expected in 2029.
According to Bisnow, the development is backed by a £250 million contract, and the overall project could be worth £500 million or more. The complex totals 870,000 square feet, and Jane Street was advised by CBRE.