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.
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.
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.