Wednesday 22 August 2018 6:44 pm

Goldman Sachs sells City of London office to Korea

Goldman Sachs has sold its new City of London European headquarters to South Korea's National Pension Service for £1.7bn.

The bank will enter into a 25-year lease on the building in Plumtree Court with a break option after 20 years. 

Staff will move into the building, which is between Chancery Lane and St Paul's station, in the middle of next year. 

Vice-Chairman of Goldman Sachs and CEO of Goldman Sachs International, said: “The development of Plumtree Court and our signing of a long-term lease demonstrates our continued commitment to London and our European operations more broadly.

“We are delighted to have built a world class office for our people, enabling them to collaborate and serve clients in an efficient and attractive space.

"We are proud to have designed a building to meet the BREEAM Excellent rating for its environmental performance, prioritised local small businesses in the supply chain and encouraged the involvement of apprentices in construction, reflecting the firm’s broader commitment to sustainability and supporting the communities we work in.

“NPS is a leading global investor with a long-term horizon and we look forward to a continued strong relationship.”

The building was designed by an international team of architecture and design firms, including lead architect Kohn Pedersen Fox Associates