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Bank secures a rent-free future
1 Sep 2009Nomura has secured a four-year rent-free holiday on its new office in the City of London.
The office will be home to 4,000 staff including former Lehman Brothers bankers who still work in Canary Wharf.
The deal, announced today, shows how fierce the battle has become between London's two main financial centres to secure long-term tenants.
Nomura, the Japanese investment bank, is paying £45 per square foot for the 12-storey Watermark Place on the banks of the Thames. But it will not start paying rent until 2013.
