[Osem]

Deutsche Bank has reaffirmed its commitment to the City, despite saying just weeks ago that it would “inevitably” move jobs to Frankfurt, after Land Securities Group (Landsec) confirmed today that the lease agreement for Deutsche's new London headquarters would go ahead.

Deutsche announced in March it had agreed a pre-let deal with landlord Landsec, as the pair have “worked closely” to design a 564,000 square foot building. By comparison, 20 Fenchurch Street (The Walkie Talkie) has 690,000 square feet of office space while 30 St Mary Axe (The Gherkin) has around 500,000 square feet.

Read more: The Walkie Talkie has been sold for £1.3bn to a herbal medicine maker

The German bank will retain flexibility over how much space it will occupy, but has committed to take at least 469,000 square feet on a 25-year lease.

http://www.cityam.com/269491/deutsch...ent-city-signs