Goldman Sachs is exploring the sale and lease back of the £1bn London headquarters it will move into next year.

A person familiar with the situation confirmed that a sale and lease back of the building on Plumtree Court was being explored by the US banking giant but stressed that no decision had been made.

The possible sale and lease back was first reported by Bloomberg. The bank declined to comment.

Goldman Sachs, which employs around 6,000 people in London, is due to move from its Fleet Street offices to nearby Plumtree Court in 2019.

Plans for the 1.1m square foot new offices have been on the drawing board since 2012. When completed, it will be about half the size of Goldman’s New York headquarters at 200 West Street.

Financial Times calculations suggest the bank will cut around 500 London jobs as a consequence of Brexit, the person familiar with the situation described the potential sale and lease back as a “regular real estate deal” and “nothing to do with Brexit”.

The bank is adding extra jobs in Frankfurt and Paris, which Goldman has named as its two post-Brexit hubs.

Get alerts on Goldman Sachs Group when a new story is published

Copyright The Financial Times Limited 2019. All rights reserved.
Reuse this content (opens in new window)

Comments have not been enabled for this article.

Follow the topics in this article