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Citadel agrees major London office deal

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Multi-strategy hedge fund Citadel and Founder Ken Griffin’s market-making firm Citadel Securities have agreed to a deal with British Land and Singaporean sovereign wealth fund GIC to pre-let over 250,000 sq ft of space at the new 2 Finsbury Avenue (2FA) development in the City of London.

The agreement includes options to take another 130,000 sq ft at the 750,000 sq ft landmark Broadgate development, which is currently under construction. Completion is expected in 2027.

2FA consists of two high-rise towers — the 36-storey East Tower and the 21-storey West Tower — linked by a 12-storey podium with a winter garden and incorporating green spaces, leisure and publicly accessible space.

The deal, which sees Citadel expands its London office space by two-thirds, means the 2FA is now 33% pre-let and 50% pre-let if the firm takes the optional space, according to a statement released by British Land.

Citadel and Citadel Securities are also on the move in New York, with reports earlier this week revealing that the firms are to occupy 850,000 sq ft at the new 62-storey tower 1,600ft tall skyscraper development at 350 Park Avenue.

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