Case Study

The European Bank for Reconstruction and Development

BNPPRE advised EBRD on their London property strategy and have been appointed to project manage the fit-out of their new offices.

The Challenge

EBRD had been in occupation of their 360,000 sq ft HQ in Broadgate for around 30 years. With a lease expiry in 2022, the Bank decided to investigate all credible relocation options as well as staying put and improving its existing building.

The Solution

We helped the client assemble a professional team to assess how a modern office should best meet their needs for the future. We undertook an extensive search, shortlisting and negotiations process for new offices, whilst securing the best terms we could for a substantial refurbishment of their existing building. We presented an in-depth report comparing the best relocations option to staying put. The client decided to commit to a relocation to 5 Bank Street, Canary Wharf. We helped the Bank conclude detailed negotiations for the new building and will be project managing the fit-out of their new offices.

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