French banking giant Credit Agricole gave the City a vote of confidence today by signing a six-year lease extension for its HQ in the Square Mile.
The financial services firm is set to stay put at its 150,000 square feet (sq ft) offices at Broadwalk House at 5 Appold Street in the City. It has been based in the building since May 2000.
The existing lease had a break option in July 2019 but Credit Agricole agreed an extension after its landlord British Land spruced up the building. The bank could also take up a further 60,000 sq ft in the building.
In March, Germany’s biggest lender Deutsche Bank agreed a 25-year lease for a new development being built at 21 Moorfields.
The bank’s staff are expected to move into the premises in 2023.
The news comes as uncertainty over the UK’s relationship with the EU has fuelled speculation that banking jobs could be moved out London.
British Land declined to comment and Credit Agricole could not be reached.